[Breaking REC] China Broke the Promise of the Trade Deal – China Has Bought Only a Third of U.S. Goods Required by Trade Deal

From Bloomberg News

March 23, 2021, 1:00 PM PDT

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China promised to buy about $378 billion of targeted goods. Total purchases of U.S. agricultural, manufactured, and energy goods were $123 billion in the 14 months since the trade deal was signed in January 2020. It has fallen well short of its two-year targets agreed to in its trade deal with the US, as the world’s second-largest economy bought only about a third of the goods, Bloomberg reports, analyzing the official Chinese trade data. https://www.bloomberg.com/news/articles/2021-03-23/china-has-bought-only-a-third-of-u-s-goods-under-trade-deal

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