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Tech rivalry, distrust sap summit hopes for Trump-Xi AI push

The summit follows new US export-control moves and China’s countermeasures, with Chinese domestic AI chips reaching nearly 41% of its market, analysts said.

  • President Donald Trump arrived in Beijing on Wednesday for a high-stakes summit with Chinese President Xi Jinping running through May 15, marking the first U.S. presidential visit in almost nine years.
  • The summit occurs as the United States and China compete over advanced AI chips, with Beijing aggressively working to bypass American export restrictions while Washington seeks to maintain its technological lead.
  • Commerce Secretary Howard Lutnick said in April that no Chinese firms have purchased approved Nvidia H200 AI chips, as Beijing is "trying to keep their investment focused on their own domestic industry."
  • Beijing recently expanded its legal toolkit, announcing regulations on "industrial and supply chain security" to counter "discriminatory restrictions" by foreign governments, reflecting potential economic lawfare in the rivalry.
  • Despite Trump describing the relationship as "friendly competition," Taiwan remains a central, explosive issue, with Beijing demanding the United States cease arms sales and stop supporting the island's independence.
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The Straits Times broke the news in Singapore on Tuesday, May 12, 2026.
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