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China imported fewer products from the US in May. Missed the target of the first phas
22-06-2021, 07:29 AM
Příspěvek: #1
China imported fewer products from the US in May. Missed the target of the first phas
[Obrázky: 20201003_Canva_China_USA-768x432.png]


Bloomberg News reported today that China's imports from the US declined in May. which is the information that indicates China has yet to complete the first phase of its trade deal with the United States in January. 2020
The report stated สล็อตทดลองเล่น that China imported less than $10 billion worth of industrial, agricultural and energy products from the United States in May. This is the lowest monthly import since October. 2020, the total imports since January 2020 is worth less than $157 billion. It accounted for only 41.4% of the targets that China and the United States had agreed upon during the period.


However, China imported soybeans from the US at a record high in May. At the same time, it was reported that Soybean tankers have been waiting for weeks off the coast of China. China has also ordered agricultural products for delivery later this year. This is expected to help increase the total amount of cargo arriving in China when unloading from ships.


Former President Trump Signs Phase One Trade Agreement with President Xi China's Jinping in January By 2020, China promised to increase purchases of about $200 billion worth of agricultural and industrial goods, energy and services over two years, but those purchases were significantly below target in 2020.


Mr. Chad Bowon, Officer at the Peterson Institute of International Economics It released an analysis in January this year that said China's purchases of U.S. goods in 2020 were 42 percent lower than it had made on a trade deal.


White House spokesman Jane Saki said that President Joe's administration Biden will review all national security measures imposed by former President Donald Trump, including the first phase of the US-China trade deal signed in January. 2020
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