AP FACT CHECK: US-China trade package mostly about symbolism

AP

Print Article

  • China's President Xi Jinping, center, U.S. President Donald Trump and first lady Melania Trump attend a state dinner at the Great Hall of the People in Beijing, China, Thursday, Nov. 9, 2017. (Thomas Peter/Pool Photo via AP)

  • 1

    U.S. Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing, China, Thursday, Nov. 9, 2017. (Thomas Peter/Pool Photo via AP)

  • China's President Xi Jinping, center, U.S. President Donald Trump and first lady Melania Trump attend a state dinner at the Great Hall of the People in Beijing, China, Thursday, Nov. 9, 2017. (Thomas Peter/Pool Photo via AP)

  • 1

    U.S. Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing, China, Thursday, Nov. 9, 2017. (Thomas Peter/Pool Photo via AP)

BEIJING (AP) An AP Fact Check finds that a trade and investment package announced during President Donald Trump's visit to China is more about the art of diplomacy than the art of the deal.

The package is said to be worth more than $250 billion. But it puts a symbolic gloss on fundamentally strained economic relations between the U.S. and China.

The trade and investment package draws together some new orders and extensions of business from existing Chinese customers, previously worked-out deals, tentative investments and statements of intent that may or may not turn into new dollars and jobs for the U.S.

Such signing ceremonies in China are often just that, ceremonial. They typically represent purchases that Chinese customers already planned to make and held off on announcing.

Print Article

Read More Business

HARVEY MACKAY: Companies must live by a code

November 19, 2017 at 5:00 am | Coeur d'Alene Press A dejected father confided in his pastor with a problem: His youngster had been caught cheating on a test at school. He was crushed, feeling like he had failed as a father, and was concerned it would...

Comments

Read More

Vine & Olive restaurant opens in Riverstone

November 18, 2017 at 5:00 am | Coeur d'Alene Press A European-influenced small-plate menu, a dynamic wine list focused on Northwest producers and interesting imports, and eight local taps are featured at the Vine & Olive opening today at 2037 N. ...

Comments

Read More

Honda recalls 900,000 Odyssey minivans; 2nd row seat may tip

AP

November 18, 2017 at 9:58 am | NEW YORK (AP) Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched. The recall announced Saturday covers vehicles from t...

Comments

Read More

Jobless rates fell in 12 US states, hit record lows in 3

AP

November 17, 2017 at 4:30 pm | WASHINGTON (AP) Unemployment rates fell to record lows in Alabama, Hawaii and Texas last month, and dropped in nine other U.S. states. Employers added jobs in nine states in October, and cut th...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2017 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X