China has so far bought less than a quarter of the targeted full-year amount of U.S. goods agreed under the deal, according to Peterson Institute for International Economics.
The U.S. and China will reportedly review the progress of their "phase one" trade deal in the middle of this month — roughly half a year after the agreement came into effect.
The centerpiece of the phase one trade deal is China's commitment to buy at least $200 billion more in U.S. goods and services over two years on top of its purchases in 2017. In the first half of 2020, China bought less than a quarter of the targeted full-year amount of U.S. goods agreed under the deal, according to data compiled by Peterson Institute for International Economics.
A US cargo ship is seen at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018.review the progress of their "phase one" trade dealThe deal paused a damaging trade war — involving retaliatory tariffs being slapped on billions of dollars worth of goods — between the world's top two economies that started in 2018., the phase one agreement aims to address concerns over alleged intellectual property theft and forced technology transfers by China.
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