ADVERTISEMENT

US, Chinese companies sign $9 billion contracts during Trump visit

November 08, 2017 04:40 pm | Updated 04:40 pm IST - BEIJING

The United States and Chinese companies have signed business deals the two sides say are valued at $9 billion during a visit by President Donald Trump, in a tradition aimed at blunting criticism of Beijing’s trade practices.

No details of the 19 agreements signed on Wednesday at a ceremony attended by U.S. Commerce Secretary Wilbur Ross were immediately released. Such contract signings are a fixture of visits by foreign leaders to Beijing and often involve agreements the Chinese side saved for the event to showcase the country’s importance as a market.

Mr. Trump has made narrowing the multibillion-dollar U.S. trade deficit with China a priority of his administration. He is due to hold talks with Chinese President Xi Jinping.

ADVERTISEMENT

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT