Amid renewed tensions between the United States and China on the trade and diplomatic front, a Bloomberg News analysis of data shared by the Commerce Department’s Census Bureau showed Tuesday that Beijing is more than 33% below its commitments to purchase goods in the trade agreement with Washington.
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“The Dragon Nation bought 62.9% of the additional goods that he had promised as part of the $200 billion in purchases in the so-called first phase of the trade deal in the two years to the end of 2021.”
“Energy was where China defaulted the most its objectives”.
China “was more close to meeting its produce targets, meeting around 83% of their commitments.
“In manufactured goods, the nation purchased less than 65% of the promised amount.”
China had pledged to buy the additional $200 billion in agriculture, energy, manufactured goods and services above the 2017 level in the two years to the end of 2021.
On the other hand, Bob Menendez, chairman of the Senate Foreign Relations Committee, said Tuesday that the United States should sanction China for its treatment of Uyghur Muslims..
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“Is unacceptable that in the 21st century we have concentration camps anywhere in the world”.
“And what is happening with the Uyghurs – ethnic Muslims in China – is outrageous.”
“The Chinese government’s treatment of the Uyghurs in the Xinjiang region”needs the condemnation, not only of the United States, but of the rest of the world and must be sanctioned“.
“Beijing’s treatment of Tibet, Hong Kong and ‘threats to Taiwan’ are behaviors that could be sanctioned.”
Source: Fx Street
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