(WASHINGTON) – President Donald Trump and Chinese President Xi Jinping meet in Beijing May 14th and 15th in a closely watched summit that could steer U.S.-China ties amid rising global tensions.

Key items on the agenda include trade disputes, technology and artificial intelligence, Taiwan security, the Middle East ceasefire effort, and reports of China’s ties to Iran. Leaders are also expected to discuss agricultural purchases, Boeing sales, export controls, and cooperation on fentanyl and other narcotics.

Analysts say big breakthroughs are unlikely, but both sides aim to prevent further escalation between the world’s two largest economies. Taiwan is set to be one of the most sensitive topics — Beijing reportedly wants the self-governing island central to talks, while some U.S. supporters fear a transactional approach to Taipei. Retired Rear Admiral Mark Montgomery warns Taiwan could be “on the menu” during negotiations. China’s foreign minister has urged the U.S. to “make the right choices” on Taiwan; U.S. officials say policy hasn’t changed and warn forced alteration of Taiwan’s status would destabilize the region.

The case of jailed Hong Kong publisher Jimmy Lai is also expected to be raised — Lai’s family hopes Trump will press Xi for his release. The White House notes continued U.S. military support for Taiwan, including approved defense sales.

The President is taking with him to China a delegation of top U.S. business leaders — notably Elon Musk — invited to push major deals and American interests, sources report.

The lineup reportedly includes Apple’s Tim Cook, BlackRock’s Larry Fink, Blackstone’s Stephen Schwarzman, Boeing’s Kelly Ortberg, Citi’s Jane Fraser, Cisco’s Chuck Robbins, GE Aerospace’s H. Lawrence Culp, Meta’s Dina Powell McCormick and others, signaling a high-profile reunion of tech and finance chiefs alongside the president.

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