China Continues to Slow US Trade Deal Purchases, Report Says
China has continued to slow its purchases of U.S. goods under the 2020 phase one trade deal, with October ranking as the “slowest” purchase month in a year, Bloomberg reported Nov. 23. The country bought $9.5 billion worth of U.S.…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
manufactured, agricultural and energy goods last month, bringing China up to 56% of its two-year purchase target of $378.4 billion, the report said. President Joe Biden recently urged Chinese President Xi Jinping to follow through on the commitments in a conversation earlier this month, but U.S. officials also said the sides weren’t expecting a “breakthrough” on any issues, including trade (see 2111160004).