China Promises Market Access, Backs 200 Boeing Jets and Soybean Buys After Xi CEO Meeting
Updated
Updated · CBS New York · May 15
China Promises Market Access, Backs 200 Boeing Jets and Soybean Buys After Xi CEO Meeting
3 articles · Updated · CBS New York · May 15
Summary
Xi Jinping told a delegation of top U.S. executives that China will open further to American business, with the White House saying both sides discussed broader market access and increased Chinese investment.
Trump said China also agreed to buy 200 Boeing 737 Max jets—up from an earlier 50-plane deal—and more soybeans, matching analysts’ expectations for purchases in non-sensitive sectors.
The CEO group included Tim Cook, Elon Musk, Jensen Huang, Larry Fink and Jane Fraser, reflecting U.S. priorities from AI chips and autos to finance, aviation and agriculture.
The outreach follows years of trade friction, including U.S. tariffs of up to 125% on Chinese imports, and the commitments remain verbal for now, with past headline deals such as a 2017 $84 billion energy pledge later collapsing.