The United States and China will evaluate the first phase of the trade deal in mid-August


The US president recently commented that the deal was no longer as important to him as it had been because of “Beijing’s role in the spread of the coronavirus”. “Once that happens, I don’t feel the same way about the deal,” Trump said.

Progress, but insufficient

According to Bloomberg, China lags far behind its commitments to purchase US agricultural goods and energy resources. In the first half of the year, the country covered 23% of the total target for purchasing goods for $ 170 billion for 2020. This means that by the end of the year it will have to make purchases for $ 130 billion to meet the conditions of the agreement signed in January.

However, in June, negotiators on the US deal concluded that the Asian country had “performed well” on structural changes and was making “progress in purchasing goods in recent weeks”. Imports of vehicles, pharmaceuticals and medical equipment jumped sharply in the first half of 2020.

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