China has purchased less than three-fifths of the US goods projected under the “phase one” trade deal that paused a tariff dispute between the two countries a year ago, posing another challenge for the administration of Joe Biden in its relations with Beijing.
Under the terms of the deal, China agreed to buy $200bn of US goods and services more than it did in 2017, before the start of the trade dispute, over a two-year period to the end of 2021.
Trade analysts have been measuring Beijing’s progress towards that goal, and the latest Chinese import data suggest they are falling far behind.
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