China has fallen far short of its two-year targets agreed in its trade agreement with the United States, as the world’s second largest economy bought only about a third of the required products, Bloomberg reports, analyzing official Chinese trade data.
Additional details
Total purchases of US agricultural, manufactured and energy products. It has been $ 123 billion in the 14 months since the trade agreement was signed in January 2020. That’s 32.6% of the target. $ 378 billion for 2020-21.
It is unclear whether China will face any repercussions from the United States for failing to meet its targets.
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