06-01-2017, 10:07 PM
(06-01-2017, 09:37 PM)BIAD Wrote: Just as an add-on to this story and a possible indication that this wasn't a deal
already in the pipeline... It might not be much, but heh, it's about jobs at the end
of the day.
Donald Trump seals deals worth $8 billion with Vietnam.
'President Donald Trump talked trade with Vietnamese Prime Minister Nguyen Xuan Phuc
during a White House visit yesterday and welcomed the signing of business deals worth
billions of dollars and the jobs they would create.
The US Commerce Department announced 13 new transactions with Vietnam worth $8 billion,
including $3 billion worth of US-produced content that would support more than 23,000 American
jobs.
These include deals for General Electric Co worth $5.58 billion for power generation, aircraft
engines and services, its largest-ever combined sale in Vietnam.
Caterpillar Inc and its dealer in Vietnam also agreed to provide generator management technology
for more than 100 generators in Vietnam, the company said.
"They (Vietnam) just made a very large order in the United States - and we appreciate that - for many
billions of dollars, which means jobs for the United States and great, great equipment for Vietnam,"
Trump told reporters at the White House.
The Commerce Department estimate of the deals was considerably less than the $15 billion figure
given by Prime Minister Phuc during a speech at the Heritage Foundation, adding that most of the
total involved the import of US equipment.
Communist Vietnam has gone from being a Cold War enemy to an important partner for the United
States in the Asia-Pacific, where both countries share concerns about China's rising power...'
SOURCE:
That's great news! Go Trump!
