OT: “Promises Kept!”

[-hh]

Well, not so far:

< https://www.piie.com/research/piie-charts/us-china-phase-one-tracker-chinas-purchases-us-goods>

Think there’s enough shipping capacity to get it done on the promised schedule?

Or is this YA example of Mr “Art of the Deal” being snookered?

-hh

[-hh]

Well, although the final end-of-year numbers aren't quite finalized yet, but the outcome for 2020
is already quite clear:

[QUOTE]

The January 2020 trade agreement was an attempt to wind back a tit-for-tat trade war which
saw both China and the US ratchet up tariffs. At the time, then-president Donald Trump hailed
the deal as "transformative", and said it would protect American workers.

Under the agreement, the $200bn worth of additional purchases are based on 2017 levels, and
only apply to specific categories of goods. Analysis by the Peterson Institute estimates that China
would need to purchase $173bn worth of goods to meet the requirement.

The latest figures from Chinese customs show that China imported just under $135bn from the US in 2020.

However, about $35bn worth of goods didn't count under the agreement, meaning China bought about
$100bn worth of covered goods. The figure amounts to 58% of what China committed to under the
agreement, according to the Peterson Institute.

[/QUOTE]

<https://www.bbc.com/news/business-55760992>

Conclusion ... SNOOKERED!


-hh