Trump's Trillion-Dollar Business Delegation Seeks China Deals
A 17-member US business delegation accompanying President Donald Trump to Beijing holds a combined net worth exceeding $1.07 trillion, making it the wealthiest such group to visit China. The delegation includes Elon Musk, who seeks a license to sell robotaxis and increase AI robot sales in China, and Jensen Huang, whose Nvidia faces US export restrictions on advanced chips. While Nvidia's H200 GPUs can be sold with a 25% surcharge, more advanced models are banned for Chinese customers.
Key facts
- 17 American business executives accompany President Trump to Beijing.
- Delegation's combined net worth exceeds $1.07 trillion.
- Elon Musk seeks license to sell robotaxis and increase AI robot sales in China.
- Jensen Huang's Nvidia faces US export restrictions on advanced chips.
- Nvidia H200 GPUs can be sold in China with a 25% surcharge.
- More advanced Nvidia models are banned for Chinese customers.
- Data from Forbes and SEC filings compiled by Quiver Quantitative.
- Arthur Kroeber of Gavekal Dragonomics noted Musk's objectives.
Entities
Institutions
- Forbes
- United States Securities and Exchange Commission
- Quiver Quantitative
- Gavekal Dragonomics
- Nvidia
- US Treasury
Locations
- Beijing
- China
- United States
- Washington