WATCH: U.S. officials called 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 trade deal signed by former President Donald Trump
WASHINGTON, Feb 7 - 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 comments come a day before the U.S. government is due to release full-year trade data that analysts expect to show a significant shortfall in China's pledge to increase purchases of U.S. farm and manufactured goods, energy and services.compiled by Peterson Institute for International Economics senior fellow Chad Bown.
"Because we inherited this deal, we engaged the on its purchase commitment shortfalls, both to fight for U.S. farmers, ranchers and manufacturers and give China the opportunity to follow through on its commitments. But our patience is wearing thin," said one of the officials. Regardless of how the negotiations wind up, U.S. officials said they would continue to target the core problems of China's state-led economy, while working to boost U.S. competitiveness by diversifying markets and working with allies and partners.
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