Trump’s $250bn trade deals with China under scrutiny

The White House has unveiled a slew of agreements with China as President Donald Trump seeks to address an imbalance in trade. While Commerce Secretary Wilbur Ross boasted a total of $250bn (€216bn) in business deals, getting to that figure may require some fuzzy maths.

The White House has unveiled a slew of agreements with China as President Donald Trump seeks to address an imbalance in trade. While Commerce Secretary Wilbur Ross boasted a total of $250bn (€216bn) in business deals, getting to that figure may require some fuzzy maths.

Many of the deals weren’t broken out into separate valuations, while a large number were in the form of non-binding memoranda of understanding (MOU) or involved agreements with existing Chinese partners.