Chinese President Xi Jinping meets with global executives as Beijing focuses on business outreach [CNBC]
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Source: CNBC
Chinese President Xi Jinping on Friday met with global executives as Beijing focuses on reaching out to businesses amid escalating trade tensions with U.S. U.S. President has raised tariffs by 20% on China since January over its alleged , and threatened a swath of new tariffs on major trading partners starting early April. Trump this week said he to help close a deal that forces Beijing-based ByteDance to sell TikTok's U.S. operations. The U.S. this week also added dozens of , the China has increased its trade with Southeast Asian countries and the European Union, but the U.S. remains Beijing's largest trading partner on a single-country basis. In a sign of how Beijing seeks to , rather than retaliate forcefully, China courted the executives of major U.S. businesses at a state-backed that ran from Sunday to Monday. Apple CEO Tim Cook was among the executives who attended, while Tesla CEO Elon Musk was conspicuous by his absence. Also on Sunday, U.S. Republican Senator Steve
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