China Resumes U.S. Beef, Backs 200 Boeing Jets as U.S. Clears Nvidia H200 Sales
Updated
Updated · TheStreet · May 15
China Resumes U.S. Beef, Backs 200 Boeing Jets as U.S. Clears Nvidia H200 Sales
22 articles · Updated · TheStreet · May 15
China restored access for U.S. beef shipments after a 14-month lapse and Trump said Beijing agreed to buy 200 Boeing jets during Thursday’s summit with Xi in Beijing.
The U.S. also approved Nvidia H200 sales to 10 Chinese companies, including Alibaba, Tencent, JD.com and ByteDance, reopening part of a market that had fallen from 13% of Nvidia revenue to near zero.
Treasury Secretary Scott Bessent said both sides are discussing investment and trade boards to fast-track non-sensitive deals and potentially remove tariffs on about $30 billion of trade.
Xi used the meeting to warn that mishandling Taiwan could trigger clashes, while the Trump administration has held up an $11 billion arms package for Taiwan ahead of the summit.
The package of beef, jets and chips underscored a broader 2026 thaw after last October’s tariff truce, though analysts still question whether Trump is trading strategic leverage for quick commercial wins.
Will Trump's transactional diplomacy endanger America's long-standing 'strategic ambiguity' policy on Taiwan?
Is China's pledge not to arm Iran a real policy shift or just a temporary diplomatic play?
With the Strait of Hormuz open for two weeks, what happens to global oil if the US-Iran conflict reignites?
US-China Relations 2026: Summit Outcomes on Trade, Iran, and Taiwan Tensions
Overview
The report highlights how China’s covert support for Iran, including supplying crucial military materials and allegedly moving weapons through third-party countries, complicates US efforts to isolate Tehran. The credibility and verification of China’s pledges remain major concerns, as China deliberately keeps its military assistance hidden, making it difficult for the US to confirm compliance. This secretive approach not only challenges international monitoring but also sustains Iran’s military capabilities, undermining US diplomatic pressure. The interconnected issues of credibility, verification, and covert action reveal the complexity of China’s role in the Iran conflict and its impact on global security efforts.