Iraq News - Local News - Baghdadpost

US, China sign trade deals worth $253

US, China sign trade deals worth $253
China signed business deals worth $253.4 billion with US companies during the US President Donald Trump's visit, the New York Daily News reported on Thursday. 

The agreements, some of which were less than firm contracts, signed at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, included the purchase of US-made chipsets, jetliners, and soybeans.

The two sides agreed to cooperate on a gas project in Alaska they valued at $43 billion and a shale gas demonstration project valued at $83.7 billion.

Chinese Commerce Minister Zhong Shan said deals signed Thursday totaled $253.4 billion. 

That was on top of $9 billion in agreements signed Wednesday at an event attended by US Commerce Secretary Wilbur Ross.

Contracts signed Thursday included the Chinese purchase of Boeing Co. jetliners for $37 billion, mobile phone chipsets from Qualcomm for $12 billion, $1.6 billion of soybeans and vehicles and parts from General Motors Co. and Ford Motor Co. for a total of $11.7 billion.

Other agreements included memoranda of understanding on liquefied natural gas sales and industrial development cooperation.

Last Modified: Thursday، 09 November 2017 12:14 PM