China highlights U.S. business ties in video ahead of President Trump’s trip

Watch on YouTube ↗  |  May 12, 2026 at 16:03  |  3:47  |  CNBC
Speakers
Eunice Yoon — CNBC Reporter

Summary

Eunice Yoon reports on China's charm offensive ahead of President Trump's visit, highlighting US business ties and the list of CEOs joining the trip. The report discusses companies like Apple, Tesla, Micron, Illumina, Qualcomm, Cisco, and Nvidia, as well as expected Chinese purchases of Boeing and agricultural goods. The video also touches on concerns over China's industrial policy and the potential role of Iran in discussions.

  • China released a video highlighting Apple and Tesla as examples of US business ties ahead of Trump's visit.
  • A list of CEOs joining Trump includes companies benefiting from US-China ties and those that have suffered from tensions.
  • Micron and Illumina were targets of Chinese retaliation; Qualcomm confirmed attendance, Cisco's CEO will not join, and Nvidia is not on the list.
  • Expected focus of the visit includes business deals and trade issues, particularly Chinese purchases of Boeing and agricultural products.
  • The US Chamber of Commerce flagged concerns about China's next phase of industrial policy being more pernicious.
  • Iran is expected to be discussed, with China's long-term interests possibly conflicting with US objectives.
  • Jensen Huang of Nvidia was not invited, sparking curiosity; no official Chinese comment on the snub.
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