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Trump hails 'fantastic trade deals' made during talks with China's Xi

Donald Trump Xi Jinping United States China Scott Bessent Taiwan Beijing Strait of Hormuz Boeing CNBC

US President Donald Trump poses for a picture with Chinese President Xi Jinping during a visit to the Zhongnanhai Garden in Beijing, China, 15 May 2026. © REUTERS - Evan Vucci

President Donald Trump announced he had made "fantastic trade deals" with China's President Xi Jinping, as the pair met on Friday for the final talks of a superpower summit that the US leader said had also secured a Chinese offer to help open the Strait of Hormuz.

Trump had arrived in Beijing seeking to seal deals in sectors including agriculture, aviation and artificial intelligence, as well as to contain differences between the two sides on a number of strategic areas – not least the Middle East war.

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