"President Trump has declared that the main focus of the China Summit is trade, specifically unveiling big transactions for signature U.S. enterprises that further swell our flow of exports, and Washington-Beijing accords that mark a defrosting of the icy standoff between the world's two biggest economies."
"The stateside player most likely to land a trophy coup is Boeing. In the week or so prior to Trump's departure for China, leading a retinue of seventeen super-prominent CEOs, sundry media outlets reported that the aerospace colossus is negotiating a giant sale to China's three major carriers, naturally shepherded by Beijing."
"Two factors suggest that what might appear a rumor's really a done deal. First, it's probable that the news arose from a publicity-enhancing leak from the Administration. And the President wouldn't put the plum out there if it stood the remotest chance of not happening, a scenario that would serve his critics grist for declaring the conclave a flop."
""The Administration doesn't effectively pre-announce a deal unless it's a fait-accompli," Safran told Fortune. "That Ortberg is going over there is a pretty good sign the reports are correct. The primary reason for him to go is for a photo-op with Chinese officials. Trump loves to trumpet when he brings business to the U.S.""
The China Summit is framed around trade, including large transactions for U.S. companies and agreements that ease tensions between the United States and China. Boeing is identified as the most likely beneficiary, with reports that it is negotiating a major sale to China’s three leading carriers. Two factors are presented to suggest the reports reflect a near-certain outcome: the information may have been leaked to build publicity, and the President would not highlight a deal that might fail. Boeing CEO Kelly Ortberg is reportedly traveling with President Trump, which is portrayed as a strong signal. An analyst says the administration typically pre-announces only deals that are effectively finalized, and that Ortberg’s trip supports the likelihood of a photo opportunity and renewed Chinese demand for Boeing aircraft.
Read at Fortune
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