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US calls for 'concrete action' from China to meet purchase commitments

US President Joe Biden has said the trade deal did not address the core problems with China's state-led economy, but US officials have pressed Beijing to make good on the deal as signed

Photo: Reuters
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Photo: Reuters

Reuters
U.S. officials called on Monday for "concrete action" from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the "Phase 1" trade deal signed by former President Donald Trump.
The officials said Washington was losing patience with Beijing, which had "not shown real signs" in recent months that it would close the gap in the two-year purchase commitments that expired at the end of 2021.

The comments come a day before the U.S. government is due to release full-year trade data that analysts expect to show a significant

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : US China

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