00:02Apple's Tim Cook, NVIDIA's Jensen Huang, and over a dozen CEOs from America's top companies
00:08walked behind U.S. President Donald Trump as China rolled out the red carpet.
00:13The U.S.-China summit put business leaders face-to-face for talks with senior officials.
00:19Both sides were focused heavily on trade and access to the Chinese market.
00:45Chinese President Xi Jinping reportedly told the American CEOs that the door to business in China
00:50will open wider. This message was welcomed by the CEOs, who say they want to deepen their
00:56operations in China despite trade tensions. I'm with a lot of optimism. I think the
01:03opportunity is pressure with technology. I think China has a vibrant economy and will continue
01:10to play a role in the supply chain. And especially, we see a lot of opportunities combining U.S.
01:16technology with China scale. I wouldn't be betting against the Chinese entrepreneur.
01:21China. They're very successful. And we are looking forward to continuing to help support
01:28the deepening of the capital markets here in China so that we can create more of the investment and
01:34continue the opportunity domestically. At the end of the summit, perhaps the most tangible win
01:40was a partial resumption of agricultural trade. China pledged renewed purchases of U.S. soybeans
01:47and other farm goods. Trump also praised a Boeing aircraft deal.
01:52A lot of great trade deals, including over 200 planes for Boeing, with a promise of 750 planes,
02:00which will be by far the largest order ever, if they do a good job with the 200, which I'm
02:05sure they will.
02:06But reports suggest the Boeing figure was far lower than earlier discussions. And despite NVIDIA CEO
02:13Jensen Huang's last-minute addition to the trip, there was no breakthrough on exporting NVIDIA's
02:18advanced H200 chips to China. China watchers say the outcome falls short of past summits.
02:25When President Trump last traveled to Beijing in 2017, there were elaborate signing ceremonies.
02:31The two sides announced upwards of $250 billion in commercial deals. The outcomes this time around
02:39pale in comparison. There were no signing ceremonies. The Chinese did not confirm or announce any major
02:45new investments. The Trump-Xi summit produced modest trade progress and fell short of any breakthroughs.
02:51While the meeting may provide businesses with some added stability, it remains to be seen if any
02:57major deals will come to fruition. Alex Chun and Lily Lamatina for Taiwan Plus.
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