In China summit, Trump touts "fantastic trade deals" with Xi as nations try to stabilize relationship
Updated on: May 15, 2026 / 9:06 AM EDT / CBS News
TL;DR
- President Trump and Chinese President Xi Jinping held a summit in Beijing, aiming to stabilize relations after a trade war.
- Trump announced "fantastic trade deals" and that China agreed to buy American planes and agricultural products.
- Both leaders expressed a desire to end the U.S.-Iran conflict and reopen the Strait of Hormuz.
- No concrete breakthroughs were reported on the topics of Taiwan or the release of political prisoners.
- The leaders met for bilateral discussions, including tea, walks, and lunch, away from reporters.
- Xi Jinping called the meetings "historic" and stated they reached "important common understandings."
- Business executives, including Elon Musk and Tim Cook, accompanied President Trump on the visit.