President Donald Trump said that he isn’t even considering a phase 2 trade deal with China, saying that the relationship between the 2 countries has been “severely damaged” by the coronavirus pandemic by skleb1234
President Donald Trump told reporters on Friday that he isn’t even considering a phase two trade deal with China, saying that the relationship between the two countries has been “severely damaged” by the coronavirus pandemic. KEY FACTS
With Sino-American relations continuing to deteriorate in recent months, Trump indicated that a phase two trade agreement between the two countries is now looking very unlikely. “I don’t think about it now,” Trump responded when asked if a phase two deal with China was still on the table. “The relationship with China has been severely damaged.”on a wide range of issues: The president has blamed the Chinese government for failing to contain the coronavirus outbreak, while U.S. lawmakers have also increasingly pushed back on China increasing its grip over Hong Kong.
Under the phase one deal signed in January, 2020, China pledged to buy $200 billion of U.S. goods including soybeans and pork, but many experts quickly pointed out that these targets were ; that skepticism is rising amid increasing tensions, and economic fallout from the coronavirus pandemic.“They could have stopped the plague, they could have stopped it, they didn’t stop it,” Trump said on Friday about China’s handling of the pandemic. It is highly unlikely that China will even meet its purchase obligations under the phase one agreement, Evan Rees, an Asia-Pacific analyst for Stratfor, a RANE company,last month.
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