Business
How It Differs Dramatically From His Lavish 2017 Visit
BEIJING — President Donald Trump arrived in Beijing Wednesday evening for a high-stakes two-day summit with Chinese President Xi Jinping, the first visit by a U.S. leader to China in nearly nine years, but one unfolding in a far more tense and constrained atmosphere than his 2017 trip.
Where Trump’s November 2017 state visit was billed as a “state visit-plus” overflowing with pageantry — a private dinner and opera performance inside the Forbidden City, children waving flags along motorcade routes and the announcement of $250 billion in business deals — the 2026 gathering carries markedly lower ambitions and a sharper edge of rivalry.
Trump touched down at Beijing Capital International Airport as security locked down the capital and global attention fixed on the world’s two largest economies navigating war in the Middle East, persistent trade frictions and technological competition. Meetings with Xi are scheduled for Thursday and Friday at the Great Hall of the People.
In 2017, the tone was celebratory. Xi rolled out the red carpet, escorting Trump and first lady Melania Trump through the Forbidden City’s main halls for an afternoon tea and evening performance. A military band played, schoolchildren chanted welcomes and Trump praised Xi as a “very special man.” The two leaders touted what appeared to be a budding personal rapport and a new era in bilateral ties. Chinese officials unveiled a raft of memorandums of understanding worth hundreds of billions of dollars in sectors from energy to agriculture, though many later failed to materialize fully.
Nine years later, the choreography remains formal but noticeably scaled back. No “state visit-plus” designation this time. Analysts say the grandeur serves a different purpose: signaling mutual respect while acknowledging deep distrust built over a decade of tariffs, technology restrictions, military posturing and the 2023 spy balloon incident.
The agenda has shifted dramatically. In 2017, North Korea dominated alongside trade. This week, the shadow of the U.S.-Israel conflict with Iran looms large. Trump has pressed China to use its influence to help reopen the Strait of Hormuz and ease oil price spikes that have fueled U.S. inflation. Beijing, for its part, seeks stability to protect its economy and wants progress on Taiwan and reduced U.S. tech export curbs.
Trade remains central but looks different. Trump’s second-term tariffs — initially hiked sharply before partial rollbacks following the October 2025 Busan meeting with Xi — still hover around 26-34 percent on many Chinese goods after court rulings and negotiations. Chinese officials expect announcements of Boeing aircraft purchases, U.S. agricultural products and energy deals, but analysts doubt anything approaching 2017’s headline-grabbing scale.
Critical minerals and rare earths also feature prominently. The two sides are discussing extensions of existing deals while wrestling over semiconductor restrictions. Artificial intelligence cooperation — or at least guardrails — is expected to surface, reflecting how technology has become a core battleground absent in 2017.
Power dynamics have flipped in subtle but important ways. In 2017, China’s economy was far more dependent on the U.S. market; today the U.S. share of Chinese exports has fallen from about 19 percent to roughly 11 percent. Beijing has diversified trading partners, advanced its technological self-reliance and weathered previous tariff rounds. Xi enters talks from a position of greater confidence, even as China’s growth faces domestic headwinds.
Trump, distracted by the Iran conflict and domestic economic pressures, is seeking tangible wins to bolster his image at home. White House officials speak of “stabilizing” the relationship rather than resetting it. Expectations are modest: possible new dialogue forums on trade and investment, symbolic purchases and commitments to future visits — Xi to Washington in the fall and Trump to the APEC summit in Shenzhen in November.
The personal chemistry between the two leaders has evolved too. They have met multiple times, most recently in Busan in late 2025. Xi has a clearer read on Trump’s transactional style, while Trump has tempered some of the first-term bombast with pragmatic deal-making. Yet underlying suspicions remain. U.S. officials continue to view China as a strategic competitor; Beijing sees Washington as intent on containing its rise.
Security around the summit reflects the stakes. Beijing has imposed heavy restrictions, closing sites like the Temple of Heaven and tightening airspace. The visit occurs against a backdrop of military tensions in the Taiwan Strait and South China Sea that were far less acute in 2017.
Experts describe the gathering as a “risk-management summit.” Both sides want to prevent escalation but harbor little hope for breakthroughs on structural issues such as industrial subsidies or market access. “The relationship is defined more by the absence of friction than by any affirmative agenda,” one former U.S. official noted.
For Trump, a successful outcome might include photo opportunities, modest trade announcements and language committing both nations to dialogue on Iran and nuclear issues. For Xi, hosting the first U.S. presidential visit in nearly a decade allows China to project strength and global centrality even amid its own challenges.
Broader implications extend beyond the two days. The summit could set the tone for U.S.-China relations through the remainder of Trump’s term. A smoother-than-expected meeting might open doors to cooperation on global issues; missteps or overly tough rhetoric could harden positions on Taiwan or technology.
As Trump and Xi sit down Thursday, the contrast with 2017 is stark. Then, the world’s two largest economies appeared on the cusp of a golden partnership. Now, they meet as wary superpowers managing competition while the world watches — distracted by war, worried about supply chains and uncertain about artificial intelligence’s next chapter.
The Forbidden City may not host a private dinner this time. The opera is off the schedule. Instead, closed-door talks in the Great Hall will focus on preventing confrontation rather than celebrating friendship. In that shift lies the story of how the U.S.-China relationship has matured — or hardened — over the past decade.
Business
OpenAI calls for a US-led global AI governance body that includes China
Heritage Foundation senior fellow Steve Yates discusses shifting U.S.-China relations, the push for fairer trade and the limits of economic and strategic cooperation with Chinese President Xi Jinping on ‘The Evening Edit.’
A top OpenAI executive said Wednesday the company would support a U.S.-led global AI body that includes China as competition between the two countries intensifies.
Chris Lehane, OpenAI’s vice president of global affairs, told reporters the U.S. could leverage its advancements in AI to help establish a global framework aimed at building safer, more resilient systems, according to Bloomberg.
“AI, in some level, transcends a lot of the prevailing or traditional trade type of issues,” Lehane said. “There is an opportunity to really start to build something up globally, and have countries around the world, including China, potentially participate.”
Lehane said the proposed organization could resemble the International Atomic Energy Agency, which includes China and sets global safety standards for nuclear energy development.
TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDA

OpenAI signaled support for a U.S.-led global AI governance body that could include China, an executive said. (Nathan Laine/Bloomberg via Getty Images / Getty Images)
He added that such a framework could be built by linking the U.S. Commerce Department’s Center for AI Standards and Innovation with AI safety institutes being developed around the world.
Lehane said OpenAI has floated the idea of connecting AI safety institutes, though it is unclear whether the Trump administration would support China’s participation in setting global guidelines.
The comments come as President Donald Trump arrived in China ahead of talks with Chinese President Xi Jinping.
Several business leaders joined Trump on the trip, including Nvidia CEO Jensen Huang. The chipmaker is the world’s most valuable company, with a market value of about $5.3 trillion.
BOEING PURSUES MASSIVE CHINA JET DEAL AS CEO JOINS TRUMP’S DELEGATION TO BEIJING

U.S. President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. (Andrew Harnik/Getty Images / Getty Images)
The talks are expected to take place against the backdrop of the ongoing war in Iran, as well as continued U.S.-China tensions over tariffs, artificial intelligence and trade.
The two countries could discuss new commitments by China to purchase U.S. agricultural products and jetliners, while restrictions on the sale of advanced AI chips remain a potential sticking point.
Ahead of the visit, former White House AI adviser David Sacks weighed in on the intensifying AI competition between the two countries on “The Claman Countdown.”

David Sacks, White House Artificial Intelligence (AI) and Crypto czar, during The White House Digital Assets Summit in the State Dining Room of the White House in Washington, DC, US, on Friday, March 7, 2025. (Chris Kleponis/CNP/Bloomberg via Getty Images / Getty Images)
“I do think that there are things that may be in our common interest, and it’s worthwhile to explore having those conversations,” he said.
“The fact is, we have to still protect from against each other. So I think it’s going to be a little bit limited in terms of what we can achieve there.”
The discussions come as concerns grow over advanced AI systems, including Anthropic’s Mythos model, which has raised alarms about its ability to identify long-standing security vulnerabilities.
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Sacks said the U.S. and China could potentially reach an agreement on new cyber standards, noting that neither country wants “rogue actors” using AI for harmful purposes.
FOX Business has reached out to OpenAI and the White House for comment.
FOX Business’ Eric Revell and Nora Moriarty contributed to this report.
Business
Fossil Group, Inc. (FOSL) Q1 2026 Earnings Call Transcript
Operator
Hello, and welcome to Fossil Group Q1 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded. And this call may not be reproduced in whole or in part without the company’s permission. I will now be passing the call over to the presenters. You may begin.
Christine Greany
The Blueshirt Group, LLC
To remind you that information made available during this conference call contains forward-looking information, and actual results could differ materially from those that will be discussed during this call. Fossil Group’s policy on forward-looking statements and additional information concerning a number of factors that could cause actual results to differ materially from such statements is readily available in the company’s Form 8-K, 10-Q and 10-K reports filed with the SEC.
In addition, Fossil assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. During today’s call, we will refer to constant currency results as well as certain non-GAAP financial measures. Please note that you can find a reconciliation of actual results to constant currency results and other information regarding non-GAAP financial measures discussed on this call in Fossil’s earnings release, which was filed today on Form 8-K and is available in the Investors section of fossilgroup.com.
With that, I’ll now turn the call over to Franco to begin.
Franco Fogliato
CEO & Director
Good afternoon. Thank you, Christine, and welcome, everyone. We’re pleased to begin the year with strong
Business
Australian giant Coles misled shoppers with fake discounts, court rules
The decision, which comes amid similar case against Woolworths, could mean significant penalties.
Business
Politics And The Markets 05/14/26
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Business
SpaceX and Google Are in Talks to Launch Data Centers in Orbit
Google GOOGL 3.94%increase; green up pointing triangle is in talks with SpaceX for a rocket-launch deal as the search giant expands its own efforts to put orbital data centers in space, according to people familiar with the discussions.
A launch deal would put the two companies in partnership as they gear up to compete on orbital data centers, an unproven technology that SpaceX Chief Executive Elon Musk has said is the next frontier for his rocket company.
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Business
Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations

Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations
Business
EV secures feedstock antimony ore MOU
EV Resources has entered into a non-binding MOU with a private Mexican mining group, as preparations for first production at its Los Lirios antimony mine gain further momentum.
Business
CP ALL Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:CPPCY) 2026-05-13
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Business
Fly By Jing noodle recall over peanut contamination risk: FDA
Check out what’s clicking on FoxBusiness.com.
A potential peanut contamination has prompted a nationwide recall of certain instant noodle packages, federal regulators announced Tuesday.
Los Angeles-based Fly By Jing voluntarily initiated the recall for select lots of its Creamy Sesame Noodles, a protein-packed vegan noodle product, according to the U.S. Food & Drug Administration (FDA).
“People who have allergies to peanuts run the risk of a serious or life-threatening allergic reaction if they consume these products,” the FDA said.
“We take food quality and safety seriously, and we are deeply sorry for any concern this causes. We are committed to making this right for every customer,” Fly By Jing said.
CHOCOLATE RECALL HITS COMPANY’S ENTIRE PRODUCT LINEUP OVER SALMONELLA CONTAMINATION FEARS

The FDA announced a recall on an instant noodle product sold nationwide. (U.S. Food & Drug Administration / Fox News)
According to the recall, the company discovered that a third-party manufacturer used shared equipment that also processes peanuts under conditions that could pose a health risk to individuals with peanut allergies.
The affected products were distributed nationwide through its website and retail stores, including Whole Foods Market and Thrive Market, the FDA said. The company added that the products may also have been sold on TikTok.
The affected products include single and four-pack containers with lot codes 8-50052-23988-6 and 8-50052-23991-6. The impacted products carry best-by dates of Oct. 15, 2026, Dec. 6, 2026, and March 23, 2027.
Federal regulators added that the affected products were distributed to retailers between Feb. 1, 2026, and May 8, 2026.
MULTIPLE SNACK MIXES RECALLED, INCLUDING TARGET PRODUCT, OVER RISK OF SALMONELLA CONTAMINATION

Fly By Jing, based in Los Angeles, is recalling select lots of its Creamy Sesame Noodles. (U.S. Food & Drug Administration / Fox News)
Fly By Jing is offering full refunds to those who purchased the affected items. Customers can return the products to their retailer for a full refund, and those who bought the items through the company’s website or TikTok Shop will also be contacted, the company said.
To ensure consumer safety, the company said it immediately stopped distribution, notified customers and retail partners, and placed all remaining inventory on hold. Fly By Jing has also implemented stricter allergen controls with its third-party manufacturer to help prevent future issues.

The affected products were distributed nationwide through its website and retail stores. (iStock / iStock)
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No other products from the brand were included in the safety alert.
Customers seeking additional information may contact the Fly By Jing consumer hotline at 1-866-862-2645, or email recall@flybyjing.com.
Business
YouTube Studio Down for Creators? Latest Outage Reports, Fixes and What to Do on May 13, 2026
SAN FRANCISCO — YouTube Studio appears operational for most users Wednesday as of mid-morning May 13, 2026, with no widespread outage reported on major monitoring sites, though creators continue to encounter occasional “Something Went Wrong” errors amid lingering platform glitches from earlier this year.
Downdetector and other status trackers show minimal reports of problems with YouTube overall or its creator dashboard specifically in the past 24 hours. Video playback, uploads and analytics load normally for the vast majority, but isolated complaints persist on forums and social media about slow dashboard loading or delayed statistics.
YouTube Studio serves as the central hub for millions of content creators managing channels, uploading videos, checking analytics and engaging with audiences. Any disruption can halt workflows, delay monetization insights and frustrate scheduling. While no global outage matches the scale of February or March incidents, periodic hiccups remain common.
Earlier in 2026, creators faced notable disruptions. On March 10, YouTube Studio experienced a partial outage affecting dashboard loading, analytics visibility and mobile app functionality. Google confirmed the issue and resolved it within hours, restoring full access. Similar glitches appeared around March 30, with users reporting frozen subscriber counts and incomplete data.
The February 17 outage proved more severe, impacting the broader YouTube platform including homepage recommendations, the main app and YouTube Studio tools. Over 300,000 users reported problems at peak, primarily in the United States. TeamYouTube acknowledged the recommendations system failure on X, noting it prevented videos from appearing across surfaces. Full restoration took several hours.
These events highlight YouTube’s massive scale — more than 2.5 billion monthly users — and the complexity of its backend infrastructure. Even brief interruptions affect creators’ livelihoods, especially those relying on timely analytics for algorithm optimization or ad revenue tracking.
Common error messages include “Something Went Wrong,” “Oops,” or loading spinners that never resolve. These often stem from server-side issues, browser cache conflicts, network problems or high traffic. Mobile app users sometimes fare differently from desktop, with one interface working while the other fails.
If experiencing problems today, several troubleshooting steps typically resolve them quickly. First, refresh the page multiple times or try incognito mode. Clearing browser cache and cookies for youtube.com often helps. Switching networks or using a VPN can bypass regional routing glitches.
Updating the YouTube Studio mobile app to the latest version frequently fixes compatibility bugs. Logging out and back in, or accessing via a different device, can also restore functionality. For persistent issues, checking Downdetector or YouTube’s official @TeamYouTube account provides real-time confirmation.
Google rarely discloses root causes publicly, citing security and competitive reasons. However, industry experts point to routine maintenance, database synchronization delays or spikes in creator activity as frequent culprits. The platform’s heavy reliance on machine learning for recommendations and analytics adds layers of potential failure points.
Creators have voiced frustration over recurring disruptions. On Reddit forums like r/PartneredYoutube and r/YouTubeCreators, threads from March detailed hours-long analytics blackouts that hindered content planning. Some reported lost upload progress or inability to respond to comments during outages.
Despite challenges, YouTube remains the dominant platform for video creators, offering unmatched reach and monetization tools. Features like real-time analytics, copyright management and community posts make Studio indispensable. Google continues investing in reliability, rolling out gradual backend improvements.
For those affected right now, patience often proves effective as issues self-resolve within minutes to hours. In rare prolonged cases, reaching out via YouTube Help Center or waiting for an official acknowledgment yields results. Backup workflows — such as preparing thumbnails and descriptions offline — help mitigate impact.
The platform’s evolution includes better error handling in recent updates. Enhanced mobile Studio experiences and faster loading aim to reduce future headaches. Yet as creator numbers grow, so does pressure on infrastructure during peak hours like evenings in major time zones.
Broader context shows YouTube’s resilience. Major outages remain infrequent compared to daily uptime. The company maintains dedicated status communications and rapid response teams. For enterprise or high-volume creators, YouTube Partner Manager support provides priority assistance during incidents.
Looking ahead, expectations rise for even greater stability as artificial intelligence tools integrate deeper into Studio for content optimization and trend prediction. Any downtime in those features could amplify creator anxiety. Google has hinted at expanded redundancy measures in upcoming infrastructure announcements.
In the meantime, creators adapt by diversifying platforms — posting to TikTok, Instagram Reels or X alongside YouTube. Multi-platform strategies reduce dependency risks during technical hiccups. Many maintain personal dashboards or third-party analytics tools as backups.
As of 10 a.m. BST on May 13, monitoring sites confirm normal operations across YouTube services. Occasional user reports likely reflect localized issues rather than systemic failure. The platform continues serving billions of video views without interruption for most.
For creators checking Studio today, the dashboard should display current analytics, pending uploads and comment management tools without major barriers. If anomalies appear, standard fixes usually restore access quickly. YouTube’s scale means even small percentage issues affect thousands, amplifying visibility on social media.
The episode underscores the digital economy’s fragility. Millions depend on seamless access for income, education and entertainment. Google’s ownership provides resources for quick recovery, but expectations for near-perfect uptime grow with each incident.
Creators navigating today’s environment benefit from community knowledge-sharing. Forums, Discord groups and creator newsletters often circulate workarounds faster than official channels. Staying updated on platform changes helps anticipate potential disruptions.
While YouTube Studio functions normally now, its history of intermittent issues reminds users to prepare contingencies. Reliable internet, updated software and alternative tools form the best defense. For most, the dashboard delivers essential insights without delay on this Wednesday.
As the day progresses, any new developments will likely surface first on social platforms and outage trackers. For now, creators can focus on content rather than technical troubleshooting, with YouTube Studio standing ready to support their work.
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