HighStakes

May 14 (UPI) — Chinese President Xi Jinping hosted President Trump at a glittering state banquet in the Beijing’s Great Hall of the People on Thursday as the two leaders wrapped up the first day of a planned two-day summit.

The elegant dinner came after a day of discussions in which Xi warned Trump that mishandling the matter of Taiwan’s independence could push the two superpowers into “conflict,” but which also included moments of agreement and praise offered by both leaders.

The dinner menu included roast duck, pork buns and and beef ribs served by waiters in traditional red clothing, the Australian Broadcasting Corporation reported, while the entertainment program was highlighted by a performance of the American hit song “YMCA” by the People’s Liberation Army band.

During his speech at the elaborate dinner, Trump described U.S.-China relations as “one of the most important in history” and focused on the long-standing ties between Washington and Beijing.

Xi, meanwhile, drew parallels between the 250th anniversary of U.S. independence and the start of China’s 15th Five-Year Plan for economic and social development.

“The over 300 million American people are reinvigorating the spirit of patriotism, innovation and enterprise, and ushering in a new journey for the development of the United States,” he said, according to the Chinese Ministry of Foreign Affairs.

The peoples of both China and the United States are “great,” Xi added, saying, “Achieving the great rejuvenation of the Chinese nation and making America great again can go hand in hand. We can help each other succeed and advance the well-being of the whole world.”

Among the banquet attendees were administration officials such as Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth and White House Chief of Staff Stephen Miller, as well as U.S. business leaders including Tim Cook of Apple and Elon Musk of Tesla and SpaceX, the New York Times reported.

The dinner came during a day of talks held against the backdrop of the Iran conflict and mounting tensions over trade, technology and regional security.

Xi, however, placed Taiwan — a self-governing island of 23 million people that China claims as its territory and has vowed to bring under its control — at the top of the agenda.

“The Taiwan question is the most important issue in China-U.S. relations,” Xi told Trump, according to a readout from China’s Foreign Ministry.

“If it is handled properly, the bilateral relationship will enjoy overall stability,” Xi said. “Otherwise, the two countries will have clashes and even conflicts, putting the entire relationship in great jeopardy.”

Trump did not answer questions from reporters about Taiwan after the meeting.

“Great. Great place. Incredible. China’s beautiful,” Trump said when asked about the talks with Xi, according to a pool report.

Washington does not maintain formal diplomatic relations with Taipei but is Taiwan’s main international backer and arms supplier under the Taiwan Relations Act, a 1979 law that states threats to the island are “of grave concern” to the United States.

The Trump administration announced an $11 billion arms package for Taiwan in December, including rocket systems, drones and anti-tank missiles, though delivery has yet to move forward. Trump said in February that he discussed the sale with Xi and would make a determination “pretty soon.”

Trade also loomed large over the summit after years of tensions over tariffs, export controls and advanced technology restrictions. Trump traveled with a delegation of prominent U.S. executives as his administration seeks expanded Chinese purchases of American aircraft, agricultural goods and energy products.

Xi and Trump also discussed the Middle East, Ukraine and the Korean Peninsula during their meeting, according to the Foreign Ministry.

Trump arrived in Beijing on Wednesday evening for his first visit to China since 2017. Xi did not meet Trump at the airport, but welcomed him Thursday with a red carpet ceremony, troop review and 21-gun salute at the Great Hall of the People. Children waved flowers and American flags as the leaders entered the hall for talks.

In comments at the start of their meeting, Xi said the world was at a “new crossroads” amid mounting geopolitical instability and called on the two countries to work together.

“Currently, transformation not seen in a century is accelerating across the globe and the international situation is fluid and turbulent,” Xi said. “Can we meet global challenges together and provide more stability for the world?”

“We should be partners, not rivals,” he added.

Trump called the gathering “maybe the biggest summit ever” and praised Xi’s leadership.

“We’ve had a fantastic relationship,” Trump said. “We’re going to have a fantastic future together. Such respect for China, the job you’ve done. You’re a great leader.”

After talks lasting more than two hours, Trump and Xi traveled to the Temple of Heaven, a ceremonial complex dating to the Ming Dynasty where Chinese emperors once prayed for good harvests. A state banquet was scheduled for Thursday evening.

US President Donald Trump returns to Beijing after nine years to meet Chinese President Xi Jinping. The trade war, conflict in Iran, and rising fears over Taiwan shape the talks. With global tensions mounting, can the two leaders find common ground, or will rivalry push the world further into crisis?

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Episode credits:

This episode was produced by Marcos Bartolomé and Sarí el-Khalili with Spencer Cline, Catherine Nouhan, Tuleen Barakat, Alexandra Locke, and our guest host, Kevin Hirten. It was edited by Tamara Khandaker. 

Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer. 

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Chinese President Xi Jinping is welcoming US President Donald Trump to Beijing for high-level talks. Tariffs, competition over tech, the US-Israeli war on Iran, and Taiwan are all on the agenda for the two-day visit.

In a United States court, OpenAI chief executive Sam Altman has rejected claims from fellow tech mogul Elon Musk that he betrayed the artificial intelligence company’s original vision.

Tuesday marked the start of Altman’s testimony in a contentious trial unfolding in Oakland, California, between some of tech’s richest and most powerful titans.

Musk, the wealthiest man in the world, has sued Altman and OpenAI president Greg Brockman on the basis that they “stole a charity” by shifting its purpose.

He alleged that OpenAI’s leader persuaded him to invest $38bn, based on a goal of improving humanity, only to see the company pivot to a for-profit venture in 2019.

On the witness stand on Tuesday, Altman instead framed Musk as a competitor obsessed with exercising control over OpenAI.

“It does not fit with my conception of the words ‘stealing a charity’ to look at what has actually happened here,” Altman told the court.

The two men have long had an acrimonious relationship, driven in part by differing views about artificial intelligence.

Musk — a self-described free speech “absolutist” — currently runs his own AI chatbot, Grok, which has been accused of perpetuating right-wing conspiracy theories and offensive materials.

He is seeking $150bn in damages from OpenAI and Microsoft, one of its principal investors.

Altman’s testimony comes more than two weeks into the trial, which has seen him and Musk square off against each other.

In his testimony, Altman argued that Musk knew of the plans to develop OpenAI into a for-profit enterprise when he invested, and he asserted that Musk even petitioned to have a majority stake in the company.

“An early number that Mr Musk threw out was that he should have 90 percent of the equity to start,” Altman told the jury. “It then softened, but it always was a majority.”

The outcome of the trial could determine the future of OpenAI, its leadership, and products like ChatGPT. As part of his lawsuit, Musk is pushing for the removal of Altman and Brockman.

The trial comes as OpenAI prepares for a potential initial public offering that could see it valued at $1 trillion, a historically large sum.

During earlier testimony, Musk portrayed Altman as a liar who could not be trusted with the development of the technology.

“If you have someone who is not trustworthy in charge of AI, I think that’s a very big danger for the whole world,” Musk said.

Musk’s lawyer, Steven Molo, also sought to undermine Altman’s reliability during questioning on Tuesday.

“Have you misled people when you do business?” Molo asked Altman.

“I do not think so,” Altman replied.

Altman, meanwhile, sought to cast doubt on Musk’s leadership; Musk ultimately left OpenAI’s board in 2018 to pursue his own AI development.

“I don’t think Mr Musk understood how to run a good research lab,” Altman said. “He had demotivated some of our most key researchers.”

The US public, for its part, has been largely unconvinced by high-minded rhetoric about the transformative potential of AI.

A March 2026 poll by the Pew Research Center suggested that a majority of respondents in the US believe AI will worsen, rather than improve, the ability to think creatively, form meaningful relationships, make difficult decisions, and solve problems.

Just 10 percent of respondents said they were more excited than concerned about the increased use of AI in daily life.

But the industry has been quick to translate its substantial economic power into political influence as lawmakers consider how best to regulate the technology.

The use of AI has emerged as an election-season issue as the US midterms approach in November, and the administration of President Donald Trump has proposed a “national policy framework” for the technology to avoid a patchwork of state regulations.

The AI industry has become a driver of eye-watering investment in recent years, with the United Nations estimating that the global market could be worth $4.8 trillion by 2033.