US business leaders to visit China as both sides meet for latest round of trade talks
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The US-China Business Council delegation, led by FedEx chief Rajesh Subramaniam, is expected to meet senior officials, sources said
Kandy Wong in Hong Kong and Luna Sun in Beijing Published: 27 Jul 2025
A high-level American business delegation will visit China this week on a trip that coincides with the latest round of US-China trade talks, according to two sources familiar with the matter.
The trip to Beijing will be organised by the US-China Business Council and led by FedEx chief executive Rajesh Subramaniam, the council’s board chair.
The full list of visiting business leaders and schedule is not known but both sources said that Boeing executives and the president of the council Sean Stein were certain to be part of the delegation.
“They are expected to meet with Chinese officials - potentially to revive business discussions,” a source said.
The council has not responded to requests for comment.
The council regularly organises visits to China that coincide with significant events and involve meetings with senior officials. Last year’s visit coincided with a major policy meeting in Beijing and included senior executives from Apple, Boeing, Goldman Sachs and Micron Technology.
The upcoming visit will be the highest-level American business delegation since US President Donald Trump started his latest tariff war in April.
China and the US have since agreed to a 90-day truce and the American business delegation will visit at the same time as the latest trade talks between senior figures from the two sides in Sweden on Monday.
Markets are anticipating that the truce will be extended and that China will agree to buy more US goods in a similar deal to the 2020 agreement reached during Trump’s first term as president.
Both sides are working to secure a visit to China by the US president later this year, sources have told The Post.
The discussions in Sweden are expected to include issues such as the US fentanyl crisis, China’s oil deals with Russia and Iran, and TikTok. But US Commerce Secretary Howard Lutnick told Bloomberg last week that the main issue would be how to open up each other’s markets.
After a meeting in London last month, China agreed to ease controls on rare earth exports while the US resumed licence application reviews for Nvidia chips.
In a survey of 130 companies released earlier this month, the US-China Business Council said tariffs were now its members’ second biggest concern.
It called the 90-day trade truce “a critical opportunity for both countries”, saying the immediate priority for American companies was to achieve meaningful and lasting tariff reductions.
“Negotiators should also establish a robust and transparent tariff exclusion process and provide ample lead time for companies to adjust to tariffs,” the survey added.
Boeing executives are expected to discuss sales, according to the sources.
Chinese firms had signed a US$37 billion deal to buy 300 Boeing aircraft when Trump visited Beijing in November 2017. The deal later stalled over safety concerns and wider tensions between the two countries, but China has resumed deliveries this year, with eight planes arriving last month.
