US officials have called on China to take “concrete action” to meet its commitments under the “Phase 1” trade agreement Beijing has signed with the Trump administration.
According to Reuters, US officials said that Washington is losing patience with Beijing, which in recent months “has shown no real signs” that it intends to close the gap in the two-year commitments it had made for the purchase of US goods worth 200 billion. .dollars.
The comments come a day before the US released its trade balance data, which analysts expect to show a significant gap from China’s commitments to boost US agricultural and industrial goods, energy and services markets.
According to Reuters, by November, China had met only about 60% of the target.
For his part, President Biden has said the trade deal does not address structural problems with China’s centrally planned economy, but US officials are urging Beijing to abide by the deal.
As one official told Reuters, “as we inherited this agreement, we asked (China) to meet market forecasts, both to help American farmers, breeders and manufacturers but also to give China a chance to comply. “But her patience is running out.”
According to him, China continues to cooperate with US officials on the issue, but Washington is looking for “concrete actions” and not “dialogue for the sake of dialogue.”
Source: Capital
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