FORMATSBACK
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
THERE ARE AT LEAST TWO SIDES TO EVERY STORY
With his spineless performance in China, President Trump is allowing it to grow its influence as America’s shrinks, believes Susan E. Rice of The New York Times. Talking up business and trade deals, the president came away with nothing new, except for investment agreements of which many were nonbinding. Trump strangely praised Xi Jinping, China’s leader, calling him “a very special man,” while blaming the US for its huge trade deficit with China. Failing to call out China’s poor human rights record or addressing regional tension, Trump projected anything but strength. This trip was a further step in China edging out the US as the world’s leader.
Keep on reading at the New York TimesDuring his China visit, President Trump helped broker several business deals that will see much-needed capital and jobs flow to the US, reports Bloomberg. From pork to helicopters to rubber, the president ensured the progression of several trade deals that will bring the world’s two biggest economies closer. Among the biggest agreements is a multi-billion-dollar Chinese investment plan that would create thousands of new jobs in hurricane-stricken areas of Texas. Trump is working to bring down America’s trade deficit, which these deals will do. Encouraging Chinese companies to buy US products and invest in America is one way to achieve that.
Keep on reading at Bloomberg
