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2017-11-08 18:00
Bloomberg

Trump Team Said to Plan $250 Billion in Deals on China Trip

U.S. President Donald Trump and China's President Xi Jinping leave after an opera performance at the Forbidden City in Beijing, China, November 8, 2017. REUTERS/Jonathan Ernst
U.S. President Donald Trump and China's President Xi Jinping leave after an opera performance at the Forbidden City in Beijing, China, November 8, 2017. REUTERS/Jonathan Ernst
The White House expects to announce upwards of $250 billion in business deals in China this week, an administration official said -- exactly the sort of U.S. jobs-based diplomacy that President Donald Trump likes to deliver when traveling abroad.

Commerce Secretary Wilbur Ross boasted of that number in a meeting with chief executives in China on Wednesday, but offered few details, according to two people who attended the meeting. A U.S. official confirmed the amount.

Earlier in the day, Ross announced $9 billion in deals involving about 20 companies, with energy and industrial businesses featured prominently. They included industrial giants such as DowDuPont Inc, Honeywell International Inc., General Electric Co. and Bell Helicopter. Many of the agreements involved existing Chinese partners.

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