phase one trade agreement NPR Digital Services RSS Generator 0.94 NPR Digital Services RSS Generator 0.94 phase one trade agreement Sat, 08 May 2021 09:39:35 +0000 https://www.harvestpublicmedia.org Dana Cronin It’s been almost ten months since the signing of the first phase of a trade agreement between the United States and China. In the lofty deal, China pledged to buy an additional $200 billion in goods and services over two years. Since its signing, President Trump has repeatedly touted the deal on the campaign trail, citing its benefits for the agriculture sector in particular. But according to the most recent public data available, China is falling short on its purchases. “Overall, it's incredibly unlikely for China to be able to meet the goals,” says Chad Bown , Senior Fellow at the Peterson Institute for International Economics. Bown estimates that China had only reached 53% of the expected purchase target through the end of September. “They would have to buy a lot of aircraft in the last three months of 2020. You know, big-ticket items like that,” he says. “They would have to buy a lot of soybeans.” The phase one agreement was ambitious to begin with, and some trade experts have https://www.harvestpublicmedia.org/post/incredibly-unlikely-china-will-meet-its-trade-targets-expert-says 936 as https://www.harvestpublicmedia.org Fri, 30 Oct 2020 22:03:58 +0000 ‘Incredibly Unlikely’ China Will Meet Its Trade Targets, Expert Says