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

Summary:
[unable to retrieve full-text content]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 US0 billion in additional goods and services over 2020-21 on top of 2017’s levels.But a report…

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[unable to retrieve full-text content]
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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