Experts question whether China can fulfill phase-one trade promises to the US - Business Insider

President Donald Trump shakes hands with Chinese Vice Premier Liu He before signing "phase one" of a US China trade agreement with President Donald Trump, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington.China said it would buy an additional $200 billion worth of American imports the next two years as part of a phase-one trade deal with the US.

China said it would buy an additional $200 billion worth of American imports the next two years as part of a phase-one deal with the US, which was signed at a lavish White House ceremony last week. With its "America First" agenda in focus ahead of the November elections, the Trump administration has boasted this figure even as experts raised doubts about its feasibility.

That would be a 92% increase of US exports of the covered products to China between 2017 and 2021, according to Bown. He added that exports to China have fallen sharply in those sectors since the start of the trade dispute, putting the phase-one targets further out of reach.

Democrat experts?

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Wuhan virus sweeping China has now killed 9 people and infected 440 - Business InsiderThe China Health Commission added three deaths and more than 100 new confirmed infections to its official toll on Wednesday morning local time. The USA Washington State case of this, is being listed as a non threat in any way by officials. He flew on a plane from China, walked through the airport,, and walked around cities for 6 days before hospitalization. NO THREAT AT ALL SAY THE OFFICIALS The_Real_Fly 'Sweeping China'? What's that in zeros and decimal points. The_Real_Fly Not scared
Source: BusinessInsider - 🏆 729. / 51 Read more »