China bought only 57 per cent of the US exports it had committed to purchase under the phase-one trade deal with the United States, according to a report by the Peterson Institute for International Economics. Photo: Bloomberg
China bought only 57 per cent of the US exports it had committed to purchase under the phase-one trade deal with the United States, according to a report by the Peterson Institute for International Economics. Photo: Bloomberg

US-China trade war: Washington urged to cut tariffs despite deal shortfall, stop issuing threats

  • China is reported to have bought only 57 per cent of the additional US$200 billion worth of goods and services in 2020 and 2021 under the phase-one trade deal
  • US Secretary of Commerce Gina Raimondo has vowed to hold China to the terms of the deal before moving forward

China bought only 57 per cent of the US exports it had committed to purchase under the phase-one trade deal with the United States, according to a report by the Peterson Institute for International Economics. Photo: Bloomberg
China bought only 57 per cent of the US exports it had committed to purchase under the phase-one trade deal with the United States, according to a report by the Peterson Institute for International Economics. Photo: Bloomberg
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