US president targets ‘double-digit billions’ in farm sales and 200 Boeing jets as Beijing is said to weigh American oil imports to bypass Middle East shipping risks
US President Donald Trump said he has secured “fantastic trade deals” during his high-stakes state visit to Beijing, as he met with his counterpart, President Xi Jinping, for a second day in Beijing.
“This has been an incredible visit. I think a lot of, a lot of good has come of it. We’ve made some fantastic trade deals, great for both countries,” Trump said on Friday at Zhongnanhai, the Chinese central leadership compound.
During the leaders’ meetings, Iran and the reopening of the Strait of Hormuz were discussed, Trump said. He also announced that Xi would visit the United States “on September 24, or thereabouts”.
“Like reciprocal trade, the visit will be reciprocal,” Trump said.
China has agreed to purchase as many as 200 Boeing jets, while Xi reportedly “likes the idea” of potentially buying US oil, Trump said in a Fox News interview on Thursday.
The US also expects China to buy “double-digit billions” worth of American agricultural products annually over the next three years, US Trade Representative Jamieson Greer said on Friday.
To institutionalise the new cooperative tone, the two countries were also discussing establishing a “board of trade” to manage commerce in “non-critical, non-strategic areas”, as well as a similar “board of investment” to steer outbound capital in those sectors, Treasury Secretary Scott Bessent said in an interview with CNBC on Thursday.
Source: News - South China Morning Post
