US, Chinese companies sign contracts during Trump visit

US, Chinese companies sign contracts during Trump visit

US, Chinese companies sign contracts during Trump visit

Trump is expected to seek ways to reduce the huge us trade deficit in his discussions with Chinese President Xi Jinping during his first, three-day state visit to Beijing. "I love you!" after a Peking Opera performance at the former imperial palace.

At a news conference in Tokyo this week, Trump said he likes Xi "a lot" and considers him a friend.

US President Donald Trump and US first lady Melania visit the Forbidden City with China's President Xi Jinping in Beijing, China, November 8, 2017.

Meanwhile, Beijing has made some concessions to Trump on trade - for example, increasing imports from the U.S. But Tsinghua University professor Chu Shulong argues that these were things China wanted anyway.

When Trump and his wife Melania land in the Chinese capital Wednesday, they will join President Xi Jinping and his wife, Peng Liyuan, for a tour of the Forbidden City, the historic palace that housed Chinese emperors and their families for nearly 500 years.

"I am not holding my breath given his track record of statements attacking the U.S. news media, labelling news reports he doesn't like as "fake" and threatening retaliation of various kinds against news organisations", said Rebecca MacKinnon, an American who worked in China as a journalist and now runs the Ranking Digital Rights project at the New America think tank in Washington. He seems to have entirely abandoned his plans to label China a currency manipulator.

"We're having a great time", Trump told reporters.


Like his predecessors, Trump is assessing how to deal with a rising China, balancing the costs of pushing the authoritarian government for political and economic reforms with the benefits of maintaining productive partnerships with the world's second-largest economy. Trump, with his administration besieged by allegations of Russian Federation collusion, has an approval rating of just 36 percent - the worst for a United States president in modern history.

But the presidency has a way of bringing uncomfortable realities crashing down on the most powerful person in the world, like the undeniably intertwined fates of the USA and Chinese economies.

Trump arrived in China after two days in Seoul, South Korea, where he largely avoided the inflammatory rhetoric that has defined his approach to North Korea. The White House has recently announced its vision of a "free and open Indo-Pacific", apparently sending a rallying cry for Australia and India to take a stand against rising Chinese clout.

"Addressing the imbalance in China trade has been the central focus of collaborative discussions between President Trump and President Xi and achieving fair and reciprocal treatment for the companies is a shared objective", Ross said.

Some China watchers say Xi will use the meeting to promote his vision of a global future, in which waning superpower America and rising force China agree to refrain from conflict and find a way for peaceful transition.

But the Trump administration continues to believe China can and must do more to leverage its influence over the North Korean regime, which trades nearly exclusively with China. Our trade deficit (with China) is massive. Some members of the Trump camp have been strongly advocating opposing China on trade. "It has to come down", Trump said Monday in Japan, before signaling that the USA "will take very, very strong action" against countries that he believes have taken advantage of the US.

But, he stressed, "this issue can not be solved all by China's self".

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