J.P. Morgan
May 15, 2026
Trump Xi Summit Make It Work and Never Mess It Up
Macro ThematicMacro Economic IndicatorsCommoditiesEquitiesInformation TechnologyEnergy
The May 2026 Trump-Xi summit established a new framework of 'strategic stability' and 'G2' relations, prioritizing manageable differences over a comprehensive trade deal.
Key Takeaways
- 1.Establishment of a 'constructive relationship of strategic stability' to guide US-China relations for the next three years.
- 2.Agreement on regional security including keeping the Strait of Hormuz open and preventing Iran from acquiring nuclear weapons.
- 3.No major trade deal reached, but status quo maintained through commodity purchase pledges including soybeans, energy, and 200 Boeing jets.
Table of Contents
- Emerging Markets Asia, Economic and Policy Research
- Other Disclosures
- Legal Entities Disclosures and Country-/Region-Specific Disclosures
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Authors
Feng ZhuTingting GeJiayi LiTongfang Yuan
Securities
NVDABABABA700 HKByteDance
Themes
Strategic AccommodationManaged Geopolitical StabilitySelective Tech Engagement
Regions
Asia PacificNorth AmericaMiddle EastChinaUnited StatesIran
