Trump-Xi Summit Day 2: Xi Warns Taiwan Mishandling Could Trigger War; Both Agree Hormuz Must Stay Open; Trump Invites Xi to White House September 24; Boeing Deal Signaled

On Day 2 of Trump's state visit to China (May 14, 2026), President Trump and Chinese President Xi Jinping held formal bilateral sessions at the Great Hall of the People in Beijing — the substantive centerpiece of the first US presidential visit to China in nearly nine years. Xi delivered a pointed warning on Taiwan: mishandling Taiwan would put the entire US-China relationship 'in great jeopardy' and could lead to 'clashes and even conflicts.' Xi called Taiwan 'the most important issue in China-U.S. relations.' On the Iran crisis, both leaders agreed the Strait of Hormuz 'must remain open,' with Xi expressing China's interest in purchasing more US oil and both affirming Iran can never obtain a nuclear weapon — signaling Beijing's willingness to apply indirect economic leverage over Tehran amid the fragile ceasefire. Both sides agreed to build a 'constructive China-U.S. relationship of strategic stability' as the governing framework going forward. US Treasury Secretary Scott Bessent signaled the US is nearing a deal for China to purchase a large Boeing aircraft order — a commercially significant outcome that would benefit US manufacturing. Trump extended an invitation to Xi to visit the White House on September 24. Jensen Huang (Nvidia CEO) was part of the business delegation alongside Elon Musk. Trade talks covered agricultural and industrial goods, tariffs, and rare earths critical to US defense and technology supply chains. Brent crude slipped to ~$107.82/bbl, down ~$3 on the day, partly reflecting market optimism that the Hormuz agreement between the two leaders could accelerate an Iran deal.