White House accuses China of stealing AI tech ahead of Trump-Xi meeting

The White House has accused China of operating “industrial-scale” efforts to steal U.S. AI technology, adding tension ahead of a planned Trump-Xi meeting. The odds of Trump visiting China by May 31 sit at 75.5% YES, down from 78% yesterday.

The market for a Trump visit to China by May 31 dropped 3 points overnight as traders priced in the risk that the accusation could derail the visit. The June 30 market sits at 84.5% YES, a slight dip from 85%. The April 30 contract is effectively dead at 0.5% YES.

The term structure shows a 75-point jump between April 30 and May 31, meaning traders expect the visit question to resolve in the coming weeks. Daily volume on the May 31 contract runs at $43,659 in USDC, enough liquidity that the 3-point move represents real repositioning rather than thin-market noise.

The accusation raises the odds of delays or outright cancellation of the Trump-Xi summit. A YES share for a May visit, priced at 76¢, pays $1 if resolved, a bet that diplomatic momentum or strategic calculation overrides the rhetorical escalation. Watch for official statements from both the White House and the Chinese Foreign Ministry on summit plans.

Track announcements about summit logistics or new diplomatic contacts. White House briefings and Trump’s social media posts are the most likely sources for signals on whether the visit proceeds.

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