Trump is flying to Beijing with top US CEOs to push a big trade deal with Xi, a sharp reversal from his old China-hawk stance — good for Wall Street and farmers, risky for Taiwan and US allies.

• Trump brought CEOs from Nvidia, Apple, Tesla, Goldman, Citi, Cargill, Boeing and more — a business delegation, not a national-security one.
• Trump fired most China hawks from his team and now wants a big headline deal to offset a weak economy and rising prices after the Iran war.
• Xi's top demand is Taiwan — he wants Trump to soften US language on Taiwan independence, which would shake Taipei and rattle Japan and South Korea.
• The easiest wins are "beef, beans, and Boeing"; the hard fights are Nvidia chip sales to China and letting Chinese EVs build cars in the US.
• Japan and South Korea are furious — Chinese EVs in the US would undercut them after they already pledged $900 billion in US investment.

Outlook: Expect a flashy investment announcement and small Taiwan-language tweaks, with the bigger chip and auto fights pushed to later meetings.