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