Former U.S. Ambassador to China Gary Locke: Trump is in Beijing for optics

Watch on YouTube ↗  |  May 13, 2026 at 19:51  |  5:03  |  CNBC
Speakers
Gary Locke — Former U.S. Ambassador to China
Michelle Caruso-Cabrera — CEO of MCC Global Enterprises

Summary

The panel discusses the upcoming Trump-Xi summit, focusing on optics and potential announcements including Chinese purchases of US goods like Boeing airplanes and soybeans, relaxation of chip export controls benefiting NVIDIA, and broader trade dynamics. Gary Locke highlights China's rare earth leverage and the presence of NVIDIA's CEO for a possible chip deal. Michelle Caruso-Cabrera notes a shift in US trade strategy and deindustrialization effects in Europe.

  • Gary Locke says Trump summit is for optics with Chinese purchases of beef, soybeans, Boeing.
  • Locke suggests NVIDIA's CEO is present to announce relaxation of advanced chip sales to China.
  • Locke notes China's rare earth control as leverage in negotiations.
  • Michelle Caruso-Cabrera discusses shift in US-China trade approach and deindustrialization in Europe.
  • Host highlights decline of US exports to China and supply chain shifts to Vietnam.
  • Locke mentions China's rapid AI progress reducing future need for US chips.
  • Taiwan arms sales are a likely point of contention.
Trade Ideas
Gary Locke Former U.S. Ambassador to China 0:44
Boeing orders may be announced.
The Chinese government may finally authorize previously negotiated Boeing airplane purchases at the summit, providing a headline catalyst for Boeing.
BA LOW
Gary Locke Former U.S. Ambassador to China 1:24
NVIDIA may get China chip easing.
Export controls on advanced chips to China may be relaxed at the Trump-Xi summit, allowing NVIDIA to sell more advanced chips to China, which would be a positive catalyst for NVIDIA.
NVDA MED
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This CNBC video, published May 13, 2026, features Gary Locke discussing BA, NVDA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Gary Locke  · Tickers: BA, NVDA