Kirsters Baish| President Donald Trump made the announcement on Thursday that around $250 billion in deals were made between American businesses and China this week. On the final day of his trip to Beijing, President Trump and Chinese President Xi Jinping witnessed a ceremony during which corporate big shots like Boeing and Qualcomm signed multibillion dollar deals.
China’s Commerce Minister Zhong Shan spoke during a news briefing and explained “this is truly a miracle.”
President Trump stated on Thursday that he was excited to see a change in the relationship between America and China.
He explained, “Discussing trade … knowing that the United States really has to change its policies because they’ve gotten so far behind on trade with China and frankly with many other countries. And I have great respect for you with that because you’re representing China. But it’s too bad that past administrations allowed it to get so far out of kilter. But we’ll make it fair and it’ll be tremendous to both of us.”
President Trump showed the utmost respect to his host.
He was quoted saying, “Both the United States and China will have a more prosperous future if we can achieve a level economic playing field. Right now, unfortunately, it is a very one-sided and unfair one. But — but I don’t blame China. After all, who can blame a country for being able to take advantage of another country for the benefit of its citizens? I give China great credit.”
President Trump didn’t refer to former President Barack Obama by name, but we all know that he was referring to him.
Trump’s statement on the matter placed blame on what we can all assume to be the Obama administration. He stated, “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.”
Our Commander in Chief made sure to express how important business connections are and how they can create a more peaceful world for us all.
The President explained, “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.”
The China Energy Investment Corp. made an agreement that they would honor a 20-year $83.7 billion investment in shale gas developments as well as chemical manufacturing projects in the state of West Virginia.
Reuters reported that West Virginia Secretary of Commerce H. Wood Thrasher released a statement in which he said, “The massive size of this energy undertaking and level of collaboration between our two countries is unprecedented.”
China Petroleum & Chemical Corporation along with the Alaskan government will work to develop West Virginia’s liquified natural gas industry. The project will cost $43 billion and is expected to create around 12,000 jobs.
Qualcomm signed the agreements which are worth $12 billion.
Boeing will be selling 300 jets to China Aviation Suppliers in the $37 billion deal. Word has it that the deals will begin a new trading relationship between the two countries.
“Generally, the sense was that this is all a good thing and that’s great,” Gentry Sayad explained. Sayad is a Shanghai-based lawyer who attended the trade delegation event in Beijing. “Now let’s see what really happens and whether or not the agreements signed during this trip can become a basis for a better bilateral trade relationship going forward.”