The U.S. and China will reportedly review the progress of their “phase one” trade deal later this week — roughly six months after the agreement came into effect.
The deal paused a damaging trade war — involving retaliatory tariffs being slapped on billions of dollars worth of goods — between the world’s top two economies that started in 2018.
Among other things, the phase one agreement aims to address concerns over alleged intellectual property theft and forced technology transfers by China. But the centerpiece of the deal is China’s commitment to buy at least $200 billion more in U.S. goods and services over 2020 and 2021 on top of its purchases in 2017.
To view the original article, click here.