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- Trump and Xi Jinping with $250B. deal – who are the winners?
Trump and Xi Jinping with $250B. deal - who are the winners?
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Loading...In his statement in Beijing, Trump said he would work to solve the problem he described as "dishonest practice" on the part of the Chinese, and led to a mismatch in the benefits between the two countries, but the president said he did not blame Beijing for doing so. Donald Trump pointed to the huge annual trade deficit that the US had accumulated with China and defined it as "A number exceeding anything anyone could understand."
"We must immediately turn to the unfair commercial practices that stimulate this deficit," Trump said, adding that only $300 billion of intellectual property theft. per year.
Following Trump's announcement of the facts, both together with Xi Jinping announced they would trigger old investment agreements worth a total of $250 billion.
On behalf of China, President Xi Jinping said he would make big strides in the reform in the coming years. He added that China is willing to significantly increase US imports of energy and agricultural products. Xi said that US financial institutions are welcome if they are willing to invest in the Belt And Road initiative of China, promoting trade and investment on traditional trade routes to Europe, by improving infrastructure.
Who are the big winners of this?
Earlier this week, it became clear that Trump's delegation will be attended by Boeing, Cheniere Energy, DowDuPont, and the US Soy Export Executive. Representative of the financial sector during the visit was Goldman Sachs CEO Lloyd Blankfein. In view of this and the agreements reached between the two countries, we believe that these companies are likely to grow. During the US session, we expect increased volatility and sharp movements.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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