Thursday, January 13, 2022

China

When dealing with dictatorships like China you cannot depend on what they say. China has so far failed to meet its committed purchases of U.S. goods under the “phase one” trade deal that it struck with the Trump administration. In 2020, China imported $100 billion of the U.S. goods agreed to in the deal — roughly 58% of the targeted $173.1 billion, according to data compiled by Peterson Institute for International Economics. Meanwhile the US has purchased more than agreed upon.

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