President Trump departed Beijing on Friday, touting trade deals to sell American-made airplanes, farm goods and other products, the signature outcome of his two-day summit with Xi Jinping, China\u2019s top leader.<\/p>\n
Mr. Trump and his advisers said China had agreed to buy 200 Boeing<\/a> airplanes, with the possibility to sell more, and more than $10 billion worth of agricultural products, as well as energy and medical devices. But few details were released, and Chinese officials said little publicly about the commitments.<\/p>\n Speaking to reporters on Air Force One, Mr. Trump claimed that the two sides did not discuss U.S. tariffs on imports from China. He said that the two sides had discussed sales of advanced chips made by companies like Nvidia, and that the countries would be \u201cdoing a lot of trade.\u201d<\/p>\n \u201cOur farmers are going to be very happy,\u201d he said.<\/p>\n Mr. Trump\u2019s visit<\/a> this week, his first in nearly a decade, was closely watched as a pivotal moment for U.S.-China relations. The two countries are geopolitical rivals, yet remain deeply tied through one of the world\u2019s most profitable trading relationships, with hundreds of billions of dollars in goods and services changing hands each year.<\/p>\n Mr. Trump has long criticized what he calls unfair Chinese trade practices, pressing Beijing to buy more American goods while signaling openness to Chinese investment. But even if Beijing signs off on deals that allow Mr. Trump to claim victory and reinforce his reputation as a deal maker, they are unlikely to alter the trajectory of an increasingly adversarial relationship.<\/p>\n Still, Mr. Trump projected optimism about both the relationship and the agreements reached during the visit. Over tea with Mr. Xi in a Beijing garden on Friday, Mr. Trump called it \u201can incredible visit.\u201d<\/p>\n \u201cI think a lot of good has come of it,\u201d Mr. Trump said. \u201cWe\u2019ve made some fantastic trade deals, really for both countries.\u201d<\/p>\n Chinese officials struck a more cautious tone. Asked whether China had agreed to buy more Boeing airplanes or American agricultural products, Guo Jiakun, a spokesman for the Chinese foreign ministry, would not confirm any details. He said Beijing was willing to work with the United States \u201cto implement the important consensus reached by the two heads of state.\u201d<\/p>\n Later on Friday afternoon, Boeing said it had secured \u201can initial commitment for 200 aircraft\u201d<\/a> with more orders expected later. But the company provided few details about the agreement.<\/p>\n Stephen Olson, a former American trade negotiator, said that \u201cno major breakthroughs were expected and none were achieved, but both countries got what they needed from this summit: a bit of additional stability.\u201d<\/p>\n Both sides had achieved their goals. Mr. Trump emerged with deals he could tout as economic \u201cwins,\u201d while Mr. Xi used the meeting to present China \u201cas a full peer competitor to the United States, a country that does not need to bend the knee to U.S. demands,\u201d Mr. Olson said.<\/p>\n U.S. officials said Friday they would begin establishing a new \u201cBoard of Trade\u201d to oversee the business, an arrangement that would entail both countries cutting tariffs on about $30 billion in products.<\/p>\n Jamieson Greer, the U.S. trade representative, said in an interview with Bloomberg News<\/a> Friday that the administration was trying to steer trade with China toward \u201cthe kinds of things we want to be selling.\u201d<\/p>\n Mr. Greer said he expected China to agree to purchase more American agricultural products, in addition to an existing three-year deal to buy 25 million metric tons of soybeans annually. Beijing also renewed export licenses for some U.S. slaughterhouses<\/a> to sell American beef in China.<\/p>\n Many U.S. lawmakers and officials, including Mr. Greer, have urged that trade with China focus on less sensitive sectors that would not advance China\u2019s technological or military capabilities.<\/p>\n \u201cWe\u2019re already seeing them start to fulfill some of their promises,\u201d Mr. Greer said.<\/p>\n Officials have not specified what, if any, concessions the United States had offered in return for the promised purchases. Asked whether the Trump administration could still raise tariffs on China, Mr. Greer said that the two sides had agreed there would be \u201ca certain level of tariff,\u201d though he declined to elaborate.<\/p>\n To replace the global tariffs struck down by the Supreme Court<\/a> in February, the Trump administration has launched two trade investigations expected to result in new tariffs on China and dozens of other countries this summer.<\/p>\n \u201cThe Chinese are going to be looking at what we\u2019re doing there compared to agreements we\u2019ve had in the past on certain tariff levels and we\u2019ll just have to try to manage that,\u201d Mr. Greer said.<\/p>\n He added that both sides seemed willing to extend an agreement on rare earths<\/a>, which ensures continued Chinese exports of the minerals and expires later this year.<\/p>\n Mr. Greer also said new Chinese regulations allowing the government to penalize foreign companies for moving their supply chains out of China were a \u201cstrong concern\u201d for him. \u201cWe\u2019re trying to manage differences rather than escalate them,\u201d he said.<\/p>\n Mr. Trump did not clarify Friday exactly what the countries had discussed about the fate of Nvidia\u2019s artificial intelligence chips. When Jensen Huang, Nvidia\u2019s chief executive, joined the group of American business leaders traveling to Beijing at the last minute earlier this week, it sparked speculation that progress could be in store for the company\u2019s long-stalled sales in China.<\/p>\n Although Mr. Trump last December greenlit the sale<\/a> to China of one of Nvidia\u2019s most powerful chips, the H200, the Chinese government has not approved any sales since then. Instead, Beijing has encouraged Chinese tech companies to buy chips made at home<\/a> by companies like Huawei.<\/p>\n Mr. Greer said earlier on Friday that the decision to buy the chips would be \u201ca sovereign decision for China.\u201d On Air Force One, Mr. Trump said that the issue \u201cdid come up, and I think something could happen with that.\u201d<\/p>\n Meaghan Tobin contributed reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"President Trump departed Beijing on Friday, touting trade deals to sell American-made airplanes, farm goods and other products,…\n","protected":false},"author":2,"featured_media":233350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[66625,827,5008,1452,1480,9,11,10,1069,901,1554,1876,14198],"class_list":["post-233349","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-airlines-and-airplanes","tag-china","tag-customs-tariff","tag-donald-j","tag-international-relations","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-trump","tag-united-states","tag-united-states-international-relations","tag-united-states-politics-and-government","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=233349"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/233350"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=233349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=233349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=233349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}