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Trump’s Beijing visit delivers modest gains, no grand bargain

New York Times Business •
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President Trump leaves Beijing after a two‑day summit that promised a “grand bargain” but delivered few tangible agreements. While both leaders shared staged cooperation, investors noted the absence of concrete deals on tariffs, tech restrictions or Iran diplomacy. The visit ended with a modest portfolio of business side‑effects and details.

Nvidia and Citi saw headline gains as Washington cleared ten Chinese firms to purchase the H200 chip, while Citi’s securities licence in China finally cleared. Yet Beijing has not signalled it will permit sales, and the broader trade body aims to cut tariffs on roughly $30 billion of goods in 2024.

Boeing secured an order for 200 planes, a figure below the 300‑plane forecast that had lifted expectations. The Washington‑Beijing Trade Board, still under construction, will manage sectors like aviation, energy, and agriculture, but its first tangible outcome remains uncertain for U.S. investors and policy makers to assess its impact today.

The summit’s limited outputs leave investors staring at rising oil prices and a weakening bond market. Without decisive tech or trade breakthroughs, the event reinforces the risk that U.S.–China policy will continue to hinge on political gestures rather than concrete commitments for global markets today and beyond in 2024 as.