President Trump of the USA just finished his 12 day tour of Asia, which according to him was “tremendously successful”. Trump visited Japan, South Korea, China, Vietnam and Philippines.
What was the purpose of his trip?
The purpose of his trip was to
- work towards the improvement of trade or business agreements between Asia and USA and very importantly, to
- strengthen his ties with North Korea’s neighbours in order to put pressure on North Korea for disarmament of its nuclear weapons.
Who did he meet with?
- Mr. Rodrigo Duterte: the President of Philippines
- Mr. Shinzo Abe: the Prime Minister of Japan
- Xi Jinpeng: President of the People’s Republic of China
- Moon Jae-In: President of South Korea
- Tran Day Quang: President of Vietnam
Progress on trade agreements:
President Trump appeared to have made some progress with some of these Asian nations.
China: US companies Boeing and Qualcomm seem to have signed some new agreements with Chinese companies. These agreements MAY translate into close to $250 billion in sales for the USA. Boeing may be selling them some aircraft, Qualcomm may have signed a telecommunications deal to strengthen relationships that it has with Chinese companies, and there is some talk of Chinese energy company, China Energy Investment Corp., investing in some projects in America.
During the talks, President Trump strongly urged South Korea and Japan to buy US military equipment to help to defend themselves against North Korea. This will help Trump to gain stronger allies in the region, and will also mean many millions of dollars worth of sales of military equipment for America. Big business!
Although the President did not make to India, his daughter Ivanka Trump will be visiting India at the end of the month for a business summit in Hyderabad.