Boeings, Beef, and Beans at the Trump-Xi Summit

Council on Foreign Relations (CFR)
Council on Foreign Relations (CFR)May 13, 2026

Why It Matters

The deals could deliver immediate economic wins for Trump’s base while signaling China’s strategic focus on technology and geopolitical stability, influencing U.S.-China trade dynamics ahead of the next election cycle.

Key Takeaways

  • Trump seeks Boeing order of up to 600 aircraft from China.
  • Soybean deal aims to revive U.S. agricultural sales to China.
  • Beef negotiations could boost U.S. rancher access but raise domestic prices.
  • China likely prioritizes chip technology access and Taiwan stability.
  • Summit expected to deliver headline wins for Trump’s trade agenda.

Summary

The upcoming Trump‑Xi summit is being framed around three headline‑grabbing trade items – Boeing aircraft, soybeans and beef – a narrative the administration hopes will showcase tangible wins for President Trump.

Analysts estimate the deal could involve as many as 600 U‑2 or 737‑type jets, marking Boeing’s first large‑scale order from China since 2017 and prompting the company’s CEO to join the delegation. A renewed soybean purchase would revive a promise from Trump’s 2017‑18 trade pact that China never fully met, while beef talks aim to open Chinese markets to U.S. ranchers, despite already high domestic prices.

The transcript notes that the Boeing CEO’s presence “feels like a check,” and recalls how COVID‑driven demand shifted Chinese grain purchases to Brazil, leaving U.S. farmers short. It also highlights Trump’s paradox of seeking beef exports to boost rancher revenue while simultaneously courting South American suppliers to lower U.S. meat prices for voters.

If secured, these agreements would give Trump political mileage ahead of the 2024 election and provide a modest boost to U.S. aerospace and agriculture sectors. For China, the summit is less about commodities and more about securing advanced chip technology and buying time on the Taiwan question, underscoring the asymmetrical priorities that shape the bilateral relationship.

Original Description

“He wants wins. And the cute alliteration I've seen on this one is Boeings, beef, and beans,” says Rebecca Patterson on what Trump is hoping to achieve during a summit with Chinese President Xi Jinping.
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