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US CEOs line up for Trump Xi summit chasing China approvals from Meta to Tesla and BlackRock
International
Published on 14 May 2026
Meta’s China headache: undo a $2 billion AI startup deal
A delegation of more than a dozen U.S. CEOs will join President Donald Trump on his May 14-15 summit with China’s Xi Jinping, but this time the visit is built around “tangible asks” rather than big trade announcements. Companies including Tesla, Meta, Mastercard, Visa, BlackRock, Illumina and others are seeking regulatory approvals, market access and investment openings amid tougher scrutiny of U.S. tech, shifting export controls and political tension. Officials say the summit is meant to unlock stalled conversations.
- More than a dozen U.S. CEOs will travel on May 14-15
- Meta must unwind a $2 billion-plus AI startup acquisition in China
- Tesla is targeting approvals to expand Full Self-Driving in China
- China is considering curbs on exporting solar manufacturing equipment to the U.S.
- BlackRock faces scrutiny over a planned $23 billion ports acquisition
- Illumina is back after an export ban lifted, but remains on China’s “unreliable entity” list
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times