Trump Delivers 37 New Trade Deals with China
The man is doing what he said he was going to do.
The Commerce Department has revealed the list of the 37 major deals signed between U.S. and Chinese companies around President Donald Trump’s trip through Asia.
The dollar value of those deals is in excess of $250 billion.
Commerce Secretary Wilbur Ross said the deals were a good example of Trump helping to build bilateral trade relationships between the two nations.
“American businesses are the most innovative in the world and, when given access, can compete with anyone,” Ross said. “I believe these deals can provide a solid foundation for a stronger relationship that is more free, fair, and reciprocal between the U.S. and China.”
“It was a great honor for these [deals] to be witnessed by President Trump and President Xi today,” Ross added. “A special thank you to our CEO delegation for their hard work in support of this historic event.”
Trade has been one of Trump’s core priorities in his first year in office. He held talks with Chinese President Xi Jinping during his visit about the multibillion-dollar U.S. trade deficit with China.
According to Chinese customs data, China’s trade surplus with the U.S. expanded by 12.2 percent in October from a year earlier to $26.6 billion. For the first 10 months of the year, the total surplus widened to $223 billion. China is the U.S.’s No. 3 export market, just behind Canada and Mexico.
Speaking in Beijing on Thursday, Trump laid the blame for the ballooning deficit on “past administrations for allowing this out-of-control trade deficit to take place and to grow.”
This will get little or no acknowledgement in the mainstream press, and yet it is monumental. The government had sold our nation out from under us to the Chinese with this trade deficit and borrowed money from Beijing to pay off the losses.
With Trump, we are going to be making goods in the US and exporting them to China.
There is no reason we cannot have an amicable relationship with the Chinese. They are reasonable people. The only reason they were ripping us off so badly under previous administrations is that the government was purposefully allowing them to rip us off for the express purpose of draining our nation of its wealth in order to promote globalism.