President Donald Trump received a royal welcome in China during his visit, with a red carpet greeting and enthusiastic cheering from a multitude of children waving Chinese and American flags.
He also had the great opportunity to see the Forbidden City and some of Beijing.
But he wasn’t just there to do the tourist thing. And his visit bore great fruit for American businesses. He seemed to have put his reputation for deal-making to good use, bringing back great news.
From Western Journal:
President Donald Trump announced Thursday roughly $250 billion in deals between American businesses and China.
On his final day in Beijing, Trump and China’s President Xi Jinping oversaw a ceremony in which corporate giants such as Boeing and Qualcomm signed multibillion-dollar deals.
“This is truly a miracle,” China’s Commerce Minister Zhong Shan said at a news briefing in Beijing.
Trump said told Xi he had great respect for the way he had represented China and that in the past, prior administrations had allowed the trade to get unbalanced.
Trump stated that working together they could make it fair for both sides and be a benefit to both countries.
He said he didn’t blame China for the unfair balance, that they were only taking advantage of what they could.
While Trump did not mention former President Barack Obama by name, he had him in mind when thinking about blame.
“But, in actuality, I do blame past administrations for allowing this out-of-control trade deficit to take place and to grow. We have to fix this because it just doesn’t work for our great American companies, and it doesn’t work for our great American workers. It is just not sustainable. I look forward to working toward that goal and to pursuing fair and lasting engagement,” he said.
Beneficial business cooperation would lead to a more peaceful world, Trump said.
“The contributions of the business community represented here today are vital to our efforts to ensure peace and prosperity for our two nations. Together, we can unlock a future of opportunity, wealth, and dignity far beyond anybody’s wildest dreams,” he said.
The specifics of the deals would mean billions for American businesses and lots of American jobs.
China could invest more than $100 billion into two U.S. energy projects, CNN reported.
The China Energy Investment Corp. agreed to a 20-year $83.7 billion investment in shale gas developments and chemical manufacturing projects in West Virginia.
“The massive size of this energy undertaking and level of collaboration between our two countries is unprecedented,” West Virginia Secretary of Commerce H. Wood Thrasher said in a statement, according to Reuters.
China Petroleum & Chemical Corp. and the Alaskan government will work together to develop the state’s liquified natural gas industry in a $43 billion project that Alaska says will create up to 12,000 jobs.
Qualcomm signed agreements worth $12 billion with Xiaomi, OPPO, and Vivo, three Chinese handset makers.
Boeing will sell 300 Boeing jets to state-run China Aviation Suppliers in $37 billion deal.
Sounds like the start of a great new trade relationship going forward.Note: The author of this article has included commentary that expresses an opinion and analysis of the facts.