Honolulu Star-Advertiser

Saturday, December 14, 2024 76° Today's Paper


Top News

China, U.S. sign another $206.6B in deals during Trump visit

ASSOCIATED PRESS

U.S. President Donald Trump, left, and Chinese President Xi Jinping attend a business event at the Great Hall of the People in Beijing.

BEIJING >> China and the United States have signed additional business agreements valued at $206.5 billion during President Donald Trump’s visit to Beijing, though some were less than binding commercial contracts.

The agreements signed Thursday at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, included sales of U.S.-made chipsets, jet engines and auto parts.

Such contract signings are a fixture of visits to Beijing by foreign leaders and are intended to defuse foreign complaints about China’s trade policies.

Many of the contracts signed Thursday appeared to represent purchases Chinese mobile phone makers, airlines and other customers would have made anyway that were saved for signing during Trump’s visit.

Others included a cooperation framework on shale gas and a memorandum of understanding on industrial development.

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.