Then-US president Donald Trump and Chinese Vice-Premier Liu He signed the phase-one trade deal in January 2020. Photo: EPA-EFE
Then-US president Donald Trump and Chinese Vice-Premier Liu He signed the phase-one trade deal in January 2020. Photo: EPA-EFE

US-China trade war: bilateral trade stable despite coronavirus, tariffs and Beijing-Washington tensions

  • Monthly two-way trade, which tumbled to US$19 billion in February 2020 amid shutdowns in Chinese factories, has rebounded over the past year to record levels
  • China and the United States signed a phase-one trade deal in January 2020, although Beijing is missing its purchase targets

Then-US president Donald Trump and Chinese Vice-Premier Liu He signed the phase-one trade deal in January 2020. Photo: EPA-EFE
Then-US president Donald Trump and Chinese Vice-Premier Liu He signed the phase-one trade deal in January 2020. Photo: EPA-EFE
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