US-China trade war: phase one trade deal largely a ‘failure’, as purchases fall well short of targets

//US-China trade war: phase one trade deal largely a ‘failure’, as purchases fall well short of targets

US-China trade war: phase one trade deal largely a ‘failure’, as purchases fall well short of targets

A large part of the phase one trade deal between China and the United States that entered into force almost one year ago was a “failure”, according to a new report, although “several elements are worth keeping and building upon”.The US and China signed their long-awaited deal in January 2020, with the conditions of the agreement beginning one month later. As part of it, China committed to buying US$200 billion in additional goods and services over 2020-21 on top of 2017’s levels.But a report…

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By | 2021-02-08T09:30:10+00:00 February 8th, 2021|World|Comments Off on US-China trade war: phase one trade deal largely a ‘failure’, as purchases fall well short of targets