President Donald Trump announced Thursday roughly $250 billion in deals between American businesses and China.
On his final day in Beijing, Trump and China’s President Xi Jinping oversaw a ceremony in which corporate giants such as Boeing and Qualcomm signed multibillion-dollar deals.
“This is truly a miracle,” China’s Commerce Minister Zhong Shan said at a news briefing in Beijing.
Trump said Thursday he was looking forward to a change in the U.S.-China relationship.
“Discussing trade … knowing that the United States really has to change its policies because they’ve gotten so far behind on trade with China and frankly with many other countries,” he said. ]
“And I have great respect for you with that because you’re representing China. But it’s too bad that past administrations allowed it to get so far out of kilter. But we’ll make it fair and it’ll be tremendous to both of us.”
Trump went out of his way to avoid alienating his host.
“Both the United States and China will have a more prosperous future if we can achieve a level economic playing field. Right now, unfortunately, it is a very one-sided and unfair one. But — but I don’t blame China,” he said.
“After all, who can blame a country for being able to take advantage of another country for the benefit of its citizens? I give China great credit,” he said.
Trump did not cite former President Barack Obama by name, but he had him in mind.
“But, in actuality, I do blame past administrations for allowing this out-of-control trade deficit to take place and to grow. We have to fix this because it just doesn’t work for our great American companies, and it doesn’t work for our great American workers. It is just not sustainable.
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