Trump Claims Trade Progress With China After Xi Summit, Announces Boeing and Farm Deals

President Trump said on Friday that his summit this week with Chinese President Xi Jinping in Beijing had produced fantastic trade deals and characterized the trip as an incredible visit. Trump announced that China had agreed to purchase at least 200 aircraft from Boeing, with the number potentially growing to 750 planes.

U.S. Oil and agricultural products, including billions of dollars of soybeans from American farmers. Boeing viewed the trip as a success and accomplished its major goal of reopening the China market to orders for Boeing aircraft. The company received an initial commitment for 200 aircraft with expectations of further commitments after the initial tranche, a Boeing spokesperson said.

8% on Friday. A White House official said that Mr. U.S. Manufacturing jobs. U.S. 's economic relationship with China. U.S. and China are considering lifting tariffs on roughly $30 billion in goods.

U.S. Tariff rate of roughly 32%, according to the Penn Wharton Budget Model. U.S. exports average around 10%, the same model found.

U.S. And China in 2025, according to Capital Economics. U.S. Agriculture, energy and airplanes. "So far, it doesn't seem like Trump and his team have a lot to show for the visit," Cutler told CBS News. David Meale, head of the China practice at Eurasia Group, said it looks like both sides are saying they got somewhere but we are not there yet — we are still waiting.

CBS News reported that the summit between President Trump and Chinese President Xi Jinping could ease economic tensions between the countries in the short term, but failed to deliver any breakthrough trade deals, according to some experts. Specifics on the deals remain scant, energy and trade experts noted.

Economists also noted that the deals with China Mr. Trump touted remain only verbal commitments, with no guarantee they will materialize. In 2017, an agreement was reached for the state-owned China Energy Investment Corporation to invest nearly $84 billion in shale gas and chemical manufacturing projects in West Virginia.

-China tensions grew. U.S. and Chinese officials could iron out such deals in the coming weeks and months. Cutler underlined the potential value of the world's two largest economies holding constructive talks.

U.S. officials described the meeting as a way to stabilize the relationship, which deteriorated last year after Mr.

U.S. Products. "They get to relabel the relationship as stable, and it feels like there is a new framework for how we're going to engage on the economic front," Cutler said. That framework includes the new Board of Trade, which would mediate trade disputes between the countries.