Trump Gets $253 Billion, But No Reset in China Trade Relations From Xi — Panjiva


Trump Gets $253 Billion, But No Reset in China Trade Relations From Xi

Ags - Grains/Beans 167 China 1793 Cons. Staples - Food/Beverages 406 Industrials - Aero/Defense 134 Info Tech - Tech Hardware 387 North Korea 37 Tariffs 1205 Trade Deals 708 U.S. 3362

As expected, President Trump’s visit to China has been accompanied by the signing of several commercial deals, but has not featured a big reset in trade relations. The $253 billion value of deals announced is impressive when compared to the $269 billion annual trade deficit the U.S. holds with China, but includes a mix of long-term investments and multi-year investment deals. While it is easy to be skeptical, several deals are significant. A $37 billion jet purchase program for Boeing is equivalent to 55% of annual U.S. exports of jets to China if spread over five years. Qualcomm’s thre...

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