Trump talks up trade deals with China, but experts see no big wins for U.S.

MoneyWatch Trump talks up trade deals with China, but experts see no big wins for U.S. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 15, 2026 / 6:26 PM EDT / CBS News Add CBS News on Google This week's summit between President Trump and Chinese President Xi Jinping could ease economic tensions between the countries in the short term, but failed to deliver any breakthrough trade deals, according to some experts. "I was expecting that China would announce mega purchases of U.S. agriculture, energy and airplanes," Wendy Cutler, a former negotiator in the Office of the U.S. Trade Representative, told CBS News. "So far, it doesn't seem like Trump and his team have a lot to show for the visit."President Trump on Friday said the meeting in Beijing had produced "fantastic trade deals" and characterized the trip as an "incredible visit," while Chinese officials opened the door to new areas of cooperation with the U.S."It looks like both sides are saying they got somewhere, but we are not there yet — we are still waiting," said David Meale, head of the China practice at Eurasia Group, a political risk consulting firm. "Neither side has come out with a clear statement of details. I don't think that means it's a failure or that those deals don't exist. They just need to cross the Ts and dot the Is on a few things.One winner likely to emerge from the talks is Boeing. Trump said on Friday that China had agreed to purchase at least 200 aircraft from the U.S. aviation giant and that the number could eventually grow to 750 planes. Yet the initial aircraft order is smaller than some analysts expected be...