๐บ๐ธ๐จ๐ณ Trump brought Wall Street and Silicon Valley to Beijing.
Elon, Tim Cook, Nvidia's Jensen Huang, Larry Fink, and more than a dozen other executives made the trip. Their combined net worth is well over $1 trillion. Jensen Huang wasn't even on the original guest list. He flew to Alaska mid-journey to board Air Force One. That alone tells you what was at stake.
Every single one of them has billions tied directly to how this summit goes. Tesla's Shanghai factory is booming. Apple makes 80% of its U.S.-bound iPhones in China. Nvidia's Huang flew to Beijing specifically to unlock stalled efforts to sell H200 chips in the Chinese market, and reports broke during the summit that Nvidia has now received the green light to do exactly that. Boeing needs Chinese aircraft orders. BlackRock and Blackstone want deeper access to Chinese capital markets. Every CEO on that plane had a personal reason to be in that room.
Trump did the same thing in Saudi earlier this year, where more than 30 CEOs joined him and walked away with over $2 trillion in deals. Beijing is the sequel.
When Trump introduced them to Xi, he called them "distinguished representatives of the American business community" who "all respect and value China." Xi responded by telling them the door to business in China "will open wider."
Both sides got exactly what they came for.
Source: Al Jazeera, CNBC, CBS News
๐บ๐ธ๐จ๐ณ๐น๐ผ Xi didn't waste any time in Beijing. Before trade, before Iran, before anything else, he put Taiwan on the table.
"The Taiwan question is the most important issue in China-U.S. relations," he told Trump. "Handle it well, the relationship holds. Handle it badly, the two countries risk collision or conflict."
And Xi had more leverage to say it than he has had in years, partly because of the Iran war, and partly because Trump handed him an opening before the plane even landed in Beijing.
On Monday, two days before the summit, Trump told reporters he would discuss U.S. arms sales to Taiwan with Xi.
"President Xi would like us not to. And I'll have that discussion." That one sentence broke with the Six Assurances, the decades-old U.S. commitments that date back to Reagan, one of which is a pledge never to consult Beijing on arms sales to Taipei, Taiwan. Even securing that conversation is a win for Xi. Once arms sales to Taipei become a legitimate topic of negotiation between Washington and Beijing, they can be used as a bargaining chip in every future deal.
Then add the Iran war on top of that. Since February 28, the U.S. has been pouring military resources into the Middle East. Missile defense systems moved out of South Korea. A rapid-response Marine unit pulled from Japan. Precision munitions being spent at a rate that takes time to replenish. The Council on Foreign Relations published a piece this week asking the question nobody in Washington wants to answer out loud: can the U.S. sustain two high-intensity conflicts simultaneously, one in the Middle East and one in the Taiwan Strait?
To be fair the picture cuts both ways. Chinese military equipment didn't perform well in Iran. Chinese-made radar systems sold to Venezuela failed to detect U.S. stealth jets. Beijing is learning from that too, and Rubio said U.S. Taiwan policy is "unchanged" after the meeting. The U.S. National Defense Strategy still commits to a strong denial defense along the First Island Chain.
But Xi raised Taiwan first, sharpest, and loudest. And Trump gave him a reason to feel confident doing it two days before they even sat down.
Source: CNBC, CFR, CNN, Asia Times, Military. com
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