China fell more than $200 billion short of its purchase commitments for goods and services in a trade deal that it reached with the United States during the Trump administration, according to a report released Tuesday. The commitment was made in the so-called Phase One deal, in which Beijing promised to purchase an extra $200 billion worth…
China More Than $200 Billion Short on Promise to Purchase US Goods and Services
February 10, 2022
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Beijing’s Failure to Meet ‘Phase 1’ Pledges, Ongoing Trade Abuses Call for New US Policy: Experts
Beijing’s marked failure to meet its promises under the “phase one” trade deal signed in January 2020, and its ongoing flouting of World Trade Organization (WTO) rules and guidelines, call for a shift in how the United States and aligned nations approach commerce with the vast markets of China, experts said. Under the agreement, China…
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