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Trump touts big energy deals in Asia

November 14, 2017 3:45 pm

US President Donald Trump wraps up a 12-day tour of Asia on Tuesday which he said created $300bn (£228bn) in sales to companies in the region and several major energy deals.

Energy agreements made up roughly half the total value of deals in China.

If it proceeds, a project in Alaska would mark the first major investment by a Chinese energy firm in the US.

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But analysts have doubts over whether this, and other, multi-billion dollar projects will be realised.

Mr Trump adopted a defiant tone on commerce during his five-nation tour through Asia and said the US would no longer tolerate “chronic trade abuses”.

He stressed the need to narrow “unfair” trade deficits while touting billions of dollars in commercial deals, mostly with China.

“We’ve made some very big steps with respect to trade, far bigger than anything you know, in addition to about $300bn in sales to various companies, including China – that was $250bn and going up very substantially from that,” he said in Manila on Monday.

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