Trump-Xi Talk Taiwan, Trade & Iran During Summit | Balance of Power 05/14/2026

Summary

The episode covers President Trump's state visit to Beijing and his summit with President Xi Jinping, focusing on trade deals, Taiwan tensions, and Iran. Boeing's smaller-than-expected jet order disappointed investors, while AI chip stocks like NVIDIA and Cerebras continued to rally. Jet fuel prices surged amid the Strait of Hormuz closure, raising concerns for airlines.

• Trump and Xi met in Beijing; no major breakthrough on trade beyond a beef deal.
• Boeing received a 200-jet order, falling short of expectations, sending the stock down 4%.
• NVIDIA extended its rally as investors hoped for AI chip sales to China; Cerebras surged 74% on IPO debut.
• China's Xi warned that Taiwan could lead to clashes, raising geopolitical risks.
• Jet fuel prices nearly doubled in March due to the Strait of Hormuz closure, pressuring airlines.
• Republican and Democratic lawmakers debated a federal gas tax holiday to offset rising fuel costs.
• The CLARITY Act for crypto regulation advanced in the Senate Banking Committee.
• Chinese biotech is increasingly competing with U.S. biotech, according to Rep. Auchincloss.