Donald Trump signs 37 DEALS worth BILLIONS with China on Asia tour – This is what they are
DONALD Trump has signed a staggering 37 major deals between US and Chinese companies during his Asia tour, it has been revealed.
Donald Trump signs 37 deals with China
The US Commerce Department disclosed the President signed the deals in excess of $250billion (£190billion), including with huge multinational companies such as Goldman Sachs and Boeing.
Mr Trump's agreements with Chinese leader Xi Jinping have been praised by US Commerce Secretary Wilbur Ross, who claimed the deals show the President is able to build bilateral relationships between nations.
Mr Ross said: "American businesses are the most innovative in the world and, when given access, can compete with anyone.
"I believe these deals can provide a solid foundation for a stronger relationship that is more free, fair, and reciprocal between the US and China."
American businesses are the most innovative in the world
Mr Ross added: "It was a great honour for these to be witnessed by President Trump and President Xi today.
"A special thank you to our CEO delegation for their hard work in support of this historic event."
The US President has set trade as one of his core priorities in his first year in office and he held talks with Mr Jinping about the multi-billion dollar US trade deficit with China.
China's trade surplus – an economic measure of a positive balance of trade, where a country's exports exceed its imports – expanded by 12.2 per cent in October from the previous year, reaching $26.6billion (£20.2billion), according to Chinese customs data.
The total surplus rose to a staggering $223billion (£170billion) in the first 10 months of this year.
Jim Hanson: Trump’s China trip has ‘changed the game’
Beijing is America's third biggest export market, behind Canada and Mexico.
Here is the full list of the US CEO Delegation to China deals:
1) Air Products (APD) Air Products and Yankuang Group Co., Ltd. – $3.5 billion
2) The State of Alaska, Alaska Gasline Development Corporation (AGDC), China Petrochemical Corp (Sinopec), China Investment Corporation (CIC), and Bank of China (BOC) – $43 billion.
3) Archer Daniels Midland Company (ADM) and COFCO
Trump in China on his Asia tour
4) Bell and Reignwood signed an agreement for 60 Bell 505s, valued at $50 million.
5) Boeing and China Aviation Supplies Holding Company -- $38 billion.
6) Caterpillar Inc, and China Energy Investment Corp
7) Cheniere Energy and China National Petroleum
8) Dais Analytic Gouanrui (Beijing) Technology Co., Ltd
9) Delfin Midstream and China Gas Holdings – $8 billion
TEREX and Xuzhou Handler – $250 million
10) Digit group and Gateguard – $100 million
11) Digit group and Foton – $310 million
12) Digit Group and HeDa Group – $1.5 billion
13) The Dow Chemical Company
14) Dow and Mobike
15) Drylet, LLC and Nanjing Hoyo Municipal Utilities Investment and Administration Group – $100 million
16) GE and Juneyao Airlines – $1.4 billion
17) GE and ICBC – $1.1 billion
18) GE and China Datang Group – $1 billion
19) Goldman Sachs China Investment Corporation ("CIC") – $5 billion
20) Honeywell and Oriental Energy
21) Honeywell and Spring Airlines
22) I. M. Systems Group, Inc. (IMSG) and Civil Aviation Telecom Co., Ltd.
23) Qualcomm and Xiaomi, Oppo and Vivo – $12 billion
24) SAS and Shenzhen Zhenghong Technology Co. Ltd. – $30 million
25) Stine Seed China and Beijing W. Seed – $10 million
26) TEREX and Xuzhou Handler – $250 million
27) Thermo Fisher Scientific, Beijing Municipal Commission of Science and Technology, Tsinghua University, Beijing Novogene Bioinformatics Technology Co., Ltd, and Innovent Biologics (Suzhou) Co., Ltd – $35 million
28) U.S. Soybean Export Council (USSEC) and the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-products (CFNA) – $3.4 billion
29) Viroment and Hangzhou Iron and Steel – $800 million
30) Viroment and Guangye Guangdong Environmental Protection Group, Co, LTD. – $100 million
31) Westinghouse Electric Company, Nuclear Power Technology Company (SNPTC) and subsidiaries, State Nuclear Power Engineering Corporation (SNPEC) and State Nuclear Power Automation & Engineering Company (SNPAS)
Ford at an automobile show in Shanghai
Here is the full list of the non delegation deals:
1) American Ethane and Nanshan Group – $25 billion
2) Ford Trading Company LLC. And Ford Motor (China) Ltd. – $10 billion
3) GM and SAIC-GM – $2.2 billion.
4) The Montana Stockgrowers signed and Jingdong Century Trade Company (JD.com) – $200 million. Smithfield Food Inc.
5) Smithfield Food Inc and Jingdong Century Trade Company (JD.com) – $1 billion.
6) The state of West and Shenhua corporation – $83 billion