United States economy · May 2026

President Donald Trump is urging Chinese President Xi Jinping to allow U.S. companies access to China's payments market, according to reports. Trump praised what he called 'fantastic trade agreements' after his recent trip to China, while U.S. Trade Representative Jamieson Greer said the U.S. expects China to commit billions of dollars for American farm goods. Greer also noted that China still sometimes drags its feet on rare earths exports, and that chip export controls were not a major topic in the talks. Meanwhile, the two leaders are also discussing the Strait of Hormuz, with China wanting it kept open and free of curbs. President Donald Trump invested millions of dollars in Apple stock just before his trip to China, according to financial disclosures, while Boeing shares declined as the outcomes of Trump's China summit failed to meet market expectations. Amazon breaks delivery time barrier with 30-minute service. OpenAI is reorganizing its product teams around a unified-app strategy, with Greg Brockman taking control of products, and partnered with Plaid to launch a ChatGPT feature for personal finance. Oil rises after Trump says he is losing patience with Iran.