Big Deals in Beijing: U.S. Aims to Expand Exports to China During Trump's Visit

U.S. Treasury Secretary Scott Bessent announced potential large Chinese orders for Boeing aircraft during President Trump's Beijing visit. Talks included expanding U.S. exports to China and establishing a 'Board of Trade' and 'Board of Investment'. Bessent stressed the aim of balancing trade between the two economies.

U.S. Treasury Secretary Scott Bessent expressed expectations for a significant announcement about Chinese orders for Boeing aircraft during President Donald Trump's visit to Beijing. The goal is to expand exports to China, Bessent revealed to CNBC.

In discussions between U.S. and Chinese officials, beyond aircraft orders, the potential purchase of energy and agricultural products, as well as investment in non-sensitive areas, was on the agenda. The proposed creation of a 'Board of Trade' and a 'Board of Investment' was aimed at managing trade and investment relations, respectively.

Bessent sought to clarify misinformation about a $1 trillion investment goal from China, stating the importance of investments in areas outside the jurisdiction of CFIUS. The ultimate aim is to rebalance trade, as President Trump noted in his talks with President Xi Jinping.