U.S. Trade Representative Jamieson Greer gives a broad overview of the current status of U.S. trade relations with China on the heels of the Beijing Summit. Greer notes that China has agreed to fulfill all previous purchase agreements and the future of trade between the U.S. and China looks very stable.
Additionally, China has made major purchases for 200 Boeing aircraft and up to 500 jet engines that are worth multi-billions in benefit within the manufacturing sector for the United States. Following the conflict points between the U.S. and Europe, specifically as it relates to outcomes from the military engagement in Iran and the weakening of selfishly motivated NATO alliance members, China does appear to be more open in their trade relations with the USA. Perhaps this is driven by the new paradigm of energy dependency that Beijing is not familiar with.
The most interesting aspect to the Beijing trip was not and is not the trade success stories that surfaced during the trip {USTR Greer}. While President Trump brought titans of industry, tech and finance with him to Beijing, the emphasis was on relationships.
Perhaps President Trump was teaching those influential peers something akin to needing a perspective change. Perhaps the nature of trade relations is so structurally under change, all those business interests within it need to look at things differently.
