China-US Phase 1 trade : China is 'never going to catch up': Expert - Business Insider

U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He during a signing ceremony for "phase one" of the U.S.-China trade agreement in the East Room of the White House in Washington, U.S., January 15, 2020.Scott Kennedy of the Center for Strategic and International Studies, told CNBC's Squawk Box that China may never catch up with its commitments under the Phase One trade deal with the United States.

Recent data by the Peterson Institute for International Economics, showed China has bought less than half of the imports it should have from the US by the first half of the year. China is lagging far behind its commitments under the phase one trade deal with the US and is likely to never "catch up" with them, an analyst warned.

But Kennedy said: "If it's really based on the genuine commitments that they inked in January, they're far behind and they're never gonna catch up.". All of this is on top of the purchases it made in 2017. China is the third-largest export market for the US and buys aircraft, machinery, medical goods and agriculture, among other goods.

China was the issue Trump could win on. If Trump is happy with China on the Phase 1 trade deal, then Biden will win in a landslide.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Pompeo tells eastern Europe: China is in some ways worse than Soviets - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Swagger mike taking a bonesaw to Huawei, China relations. The least of our international problems. Urges? That’s how you spell it? Compared to the America of Trump and Pompeo, no country can be worse !!!
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Foxconn CEO: China no longer 'world's factory' due to Trump trade war - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Winning. Check it out! Do You Want To make 4 awesome animated logo intro videos 4k? Order Now : Logo Animation Logo Videos Logo Intro Intro Outro You wouldn't dare to report China no longer depends on being the 'worlds factory' they have switched gears and focused on being the 'worlds innovators'. They applied for the most patents in 2019.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

US and China are pressuring electronics manufacturers to pick sides - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »