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China pledged to invest $250 billion in the United States. Now what?

China pledged to invest $250 billion in the United States. Now what?

In November, President Trump claimed a win when he returned from his Asia tour touting $250 billion in deals with China.

Now, those agreements — which span sectors like energy, aviation and tech — could be ammunition for Beijing as it spars with Washington over trade.

"The Chinese are going to see these things as bargaining chips," said Edward Chow, a global energy expert at the Center for Strategic & International Studies. "Clearly, Trump is a transactional guy."

Last week, Trump told the US trade representative to levy tariffs on about $50 billion worth of Chinese imports, after a seven-month investigation into intellectual property theft. The United States also intends to impose new restrictions on Chinese investment.

The moves, which follow new US tariffs on steel and aluminum imports, have sparked fears of a trade war. The Chinese government said that tariffs on about $3 billion worth of US imports will go into effect on Monday, hitting 128 products ranging from pork and fruit to steel pipes.

 

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