President Donald Trump on Thursday signed a $1 billion coal deal with Chinese state-owned enterprises, cementing his alliance with Beijing as it seeks to expand its coal production and exports.
The agreement, announced by Trump’s team as the country seeks to modernize its aging coal industry, is aimed at helping the U.S. meet an environmental and climate change challenge.
The $1 trillion agreement is the latest of several in which the Trump administration has partnered with Chinese companies to expand their business and influence around the world.
The administration has sought to increase ties with China as it pursues its own agenda on trade, climate change and climate adaptation.
The Trump administration had previously been critical of China for the treatment of migrant workers, with President Donald J. Trump recently declaring, “We’re not going to let China take advantage of us.”
In the deal signed Thursday, the Chinese companies China Central Television Corp. and China General Coal Corporation would purchase a 40-million-square-foot facility in Chattanooga, Tennessee, for a total cost of $1,600 per tonne of coal, which will be shipped to a shipping company that has an agreement with the Chinese government to deliver it to the U