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DonViejo

(60,536 posts)
Tue Nov 14, 2017, 09:34 AM Nov 2017

Trump touts '$300 billion' in trade deals with Asia

Source: Politico




By LOUIS NELSON 11/14/2017 08:15 AM EST

President Donald Trump touted the economic successes of his trip to Asia Tuesday, telling reporters that the five-nation tour had netted the U.S. “at least $300 billion” in trade deals.

“We've had a tremendously successful trip. Tremendous amounts of work was done on trade, not only on the deals — and we have at least $300 billion worth of deals, but that will be, I think, way triple that number in a fairly short period of time,” Trump said in remarks to the press as he left the East Asia Summit in the Philippines.

More important than the unconfirmed dollar figure, the president said, was the message he conveyed throughout his trip that “the United States is open for trade, but we want reciprocal trade.” He reiterated his regular criticism of past administrations, that they allowed the U.S. to be taken advantage of on the world economic stage.

One deal that earned specific mention from Trump is Vietnam’s $12 billion order from Boeing, one that the president said came even though “they were going a different route.” It was unclear if Trump was referring to an $11.3 billion deal between Boeing and Vietnam’s VietJet airline signed in 2016 during a visit by former President Barack Obama or if Vietnam had placed an additional order with Boeing.

Read more: https://www.politico.com/story/2017/11/14/trump-asia-trade-deals-244877?lo=ap_b1

15 replies = new reply since forum marked as read
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Trump touts '$300 billion' in trade deals with Asia (Original Post) DonViejo Nov 2017 OP
Something tells me... SHRED Nov 2017 #1
What is a trade deal? Not Ruth Nov 2017 #2
what is a way triple? 0rganism Nov 2017 #9
It's tRump joining two thoughts without thinking about what he's saying Bernardo de La Paz Nov 2017 #12
I'm guessing that Trump NewJeffCT Nov 2017 #3
Billions seem to be drops in the bucket anymore. gordianot Nov 2017 #4
And, Over How Many Years? ProfessorGAC Nov 2017 #15
'$300 billion' in trade deals with Asia syringis Nov 2017 #5
Believe him when it happens Angry Dragon Nov 2017 #6
How much was in potential arms/weapons sales? Freethinker65 Nov 2017 #7
More like eleventy kabillion C_U_L8R Nov 2017 #8
Any actual contracts? hatrack Nov 2017 #10
No one heaven05 Nov 2017 #11
This is what his family will make until we kick them out of the WH. Hestia Nov 2017 #13
I think this is more accurately described as a business deal, not a trade deal. Vinca Nov 2017 #14

Bernardo de La Paz

(48,988 posts)
12. It's tRump joining two thoughts without thinking about what he's saying
Tue Nov 14, 2017, 10:12 AM
Nov 2017

He starts saying "way more than" and then has the thought "triple" so he just said it.

gordianot

(15,237 posts)
4. Billions seem to be drops in the bucket anymore.
Tue Nov 14, 2017, 09:39 AM
Nov 2017

Trillions are at stake when billions represent personal wealth and debt.

ProfessorGAC

(64,986 posts)
15. And, Over How Many Years?
Tue Nov 14, 2017, 04:51 PM
Nov 2017

If this ends up accurate (doubtful) but it's over 10 years, that's 30G per year which is 1/6th of 1/10th or 1%.

And since it's "reciprocal" what does the other side of the ledger show?

syringis

(5,101 posts)
5. '$300 billion' in trade deals with Asia
Tue Nov 14, 2017, 09:42 AM
Nov 2017

Must be what we call in French "monnaie de singe" I think the equivalent in English is "funny money".


What is Trump saying about TPP revival without the US ?

 

heaven05

(18,124 posts)
11. No one
Tue Nov 14, 2017, 10:03 AM
Nov 2017

can believe ANYTHING this lying POS says, ever...ever This POS is obsessed with trying to belittle his predecessor, the intelligent, classy President Barack Hussein Obama, while he will always remain a very, very little man with nothing but cons, lies, bankruptcies, 11 at last count and p...grabbing as a legacy of his entitled, white privileged life. His kids can't even be pointed to as being a better example of a human being. Fuck this spoiled child trying to be potus...total failure.

 

Hestia

(3,818 posts)
13. This is what his family will make until we kick them out of the WH.
Tue Nov 14, 2017, 04:05 PM
Nov 2017

What Rachel Maddow Show last night about all the money deals that he announces but it is all enrichment deals for his families brand.

Vinca

(50,255 posts)
14. I think this is more accurately described as a business deal, not a trade deal.
Tue Nov 14, 2017, 04:13 PM
Nov 2017

Don doesn't know the difference.

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