Market FAQ Ahead of Trump-Xi Meeting

Goldman Sachs previews the May 14-15 meeting between Trump and Xi, suggesting a tactical 'overweight' on Chinese equities due to low expectations and historical post-summit outperformance.

Key Takeaways

• 1.Presidents Trump and Xi are scheduled to meet in Beijing on May 14-15, 2026, marking the first of potentially four meetings this year.
• 2.Chinese equities historically perform well following leader summits, averaging 4% returns in the three months post-event.
• 3.Goldman Sachs economists anticipate a deal involving increased Chinese purchases of US agriculture and energy in exchange for reduced tech restrictions.

Table of Contents

• 1. What's going to happen?
• 2. How did Chinese equities trade around previous Trump/Xi interactions?
• 3. What were the deliverables in the prior meetings?
• 4. What could be discussed at the meeting?
• 5. What's GS expectation going into the meeting?
• 6. What's market expectation going into the meeting?
• 7. How to position for the event in Chinese equities?

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