President Trump concluded a two-day summit in Beijing with Chinese President Xi Jinping, meeting at Zhongnanhai before a working lunch. The high-profile visit has yet to yield significant trade deals despite expectations of breakthroughs. Trump arrived with a business delegation seeking to strengthen economic ties between the world's two largest economies, with market observers watching for concrete commitments that could impact global markets.

Trump's delegation included prominent tech leaders like Apple's Tim Cook and Tesla's Elon Musk, signaling the administration's focus on high-value sectors. The president promised major deals involving Chinese purchases of oil, agricultural products, and aircraft, though few specifics have emerged. Business leaders hope these discussions will lead to tangible agreements that could benefit American companies operating in China and Chinese investments in the US.

A key unresolved issue remains the Iran conflict, with Trump suggesting Xi might help end the war threatening global oil supplies. However, China's leader gave no indication of assisting with reopening the Strait of Hormuz. The summit concluded without clear progress on this front or other geopolitical tensions, leaving investors to evaluate whether the diplomatic efforts will translate into measurable economic benefits.