US Treasury's Bessent Expects Large Boeing Order During China Visit
Bessent said large Boeing orders may be imminent as the two countries discuss a new trade board and possible tariff relief.
- U.S. Treasury Secretary Scott Bessent announced on Thursday that China and the U.S. are discussing "large Boeing orders" and establishing joint boards of trade and investment to manage commercial ties during President Donald Trump's Beijing visit.
- President Donald Trump arrived in Beijing on Wednesday for a two-day summit with Chinese President Xi Jinping aimed at rebalancing trade relations. Bessent stated, "We're focused on getting it into balance," emphasizing the goal of selling more to China or reducing imports.
- The proposed "board of investment" would pre-game Chinese plans to ensure they avoid the Committee on Foreign Investment in the United States, which Bessent chairs. The initiative targets "non-strategic, non-sensitive" industries to facilitate investment.
- Officials are discussing potential purchases of U.S. energy and agricultural goods, while Bessent pointed to fireworks as an example of consumer products in "non-critical" areas the U.S. will not seek to reshore.
- These discussions occur as Chinese investment into the U.S. has fallen from $56 billion in 2016 to less than $4 billion in 2025, squeezed by tightening scrutiny on both sides. The initiative seeks to stabilize the relationship.
15 Articles
15 Articles
Wall Street awaits word on ‘Board of Investment’
Chinese investments into “non-strategic, non-sensitive” US companies would get fast-tracked regulatory approval under an agreement being ironed out in Beijing this week. “What we want to do is make sure that these investments don’t get referred” to the Committee on Foreign Investment in the US, the government body that reviews and often rejects inbound deals on national-security grounds, Treasury Secretary Scott Bessent said on CNBC. “So this wo…
Major Chinese Aircraft Orders Set to Boost U.S.-China Trade
U.S. Treasury Secretary Scott Bessent anticipates announcements of significant Chinese orders for Boeing aircraft during President Trump's visit to Beijing. Bessent mentioned discussions on additional purchases, including energy and agricultural goods, and potential Chinese investments in non-strategic areas of the U.S. economy.
Reforma
elnorte.comU.S. Treasury Secretary Scott Bessent said his country and China are discussing setting up an investment board.
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