ALL Deals are Collapsing - China is Blocking Nvidia, as Trump Demands Visa Access in China

Trump left Beijing with polite images and symbolic announcements, but China did not give Washington the major breakthroughs it wanted on Nvidia, Boeing, finance, payments, or long-term market access.

The summit produced handshakes, calm public messaging, and useful political headlines, yet the deeper result was much weaker. China did not announce a major Nvidia chip deal, there was no large purchase commitment, and no clear sign that Beijing is ready to reopen large-scale buying of American AI chips. That matters because Nvidia is priced for enormous growth, and China remains one of the biggest AI markets in the world.

Beijing gave Trump limited wins in areas like beef and Iran. China resumed some American beef purchases, partly because Brazilian import quotas were getting tight. This helps Trump politically, especially when ground beef prices in America have moved above $6.90 per pound and food inflation remains a serious domestic problem. On Iran, Trump presented China as aligned with Washington, but Chinese statements were much more vague. Beijing still maintains deep economic, energy, and infrastructure ties with Iran.

Boeing became another example of the gap between headlines and reality. Trump said China could buy around 200 Boeing planes, but Boeing stock still fell around 4%, showing that investors did not treat the announcement as a secured deal. China’s Boeing purchases have collapsed since the first Trump trade war, and Beijing is now developing COMAC to reduce dependence on foreign aircraft makers.

American farmers also need China, but China has more alternatives than before, including Brazil, Russia, South America, and local-currency trade. This weakens Washington’s leverage because tariffs and pressure do not change the fact that American agriculture still needs Chinese demand.

Wall Street also wants China open. Goldman, BlackRock, Citi, and other major firms see China as too large to ignore. Goldman reportedly views the yuan as about 20% undervalued, while RMB usage and Chinese swap line activity are rising.

The Visa issue shows the real battle over financial dependence. China already relies on Alipay, WeChat Pay, and UnionPay, while Visa and Mastercard want access to trillions in Chinese transactions. But Beijing sees American payment rails as a sanctions risk. That is why China keeps building its own chips, aircraft, payment systems, currency network, and energy routes.
#Trump #China #Nvidia
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