President Donald Trump is on his Asia tour where he is meeting with leaders in Japan, China, South Korea, and many others. The President’s meetings in China ended up turning into a significant victory for the United States.
The highlight of Trump’s China visit is a new trade deal established between the US and China. According to Bloomberg, the White House released a slew of agreements that lands the US an extra $250 billion in business deals. There are many outlets where this money will flow in and out via trade, and it all leads to a stronger economy and closer relationship with China.
Many of the agreements in this deal were not broken up into separate entities. Instead, they are in a group consisting of non-binding memoranda of understanding.