U.S. officials began urging China to show “more concrete action” in meeting its commitment to buy $ 200 billion in U.S. goods and services in 2020 and 2021 under a “Phase 1” trade agreement signed by former President Donald Trump.
U.S. officials are reportedly starting to lose patience with Beijing which has shown no serious signs in recent times that China is supposed to close the gap in its two-year purchase commitment that expires by the end of 2021.
The comments from these U.S. officials came a day before the U.S. government. will release full -year trade data, which analysts expect will show a significant shortfall in total purchases from China.
Based on data from Chad Bown’s Peterson Institute for International Economics, over the course of November, China had achieved only about 60% of the agreement’s goals.
U.S. President Joe Biden said the trade deal does not address core issues with China’s state -led economy, but U.S. officials. has urged Beijing to implement the agreement as signed.
China continues to communicate with U.S. officials. on the issue, but Washington is looking for “concrete action”, not “endless discussions,” the official added.
U.S. officials said they would continue to pressure China to show “serious intent” to reach an agreement on their purchasing commitments. No matter how the negotiations ended, U.S. officials. said they will continue to target China -led core economic problems, while working to improve U.S. competitiveness. by diversifying markets and working with allied countries and partners.
On the other hand, Zhao Lijian, a spokesman for China's foreign ministry, said on Monday that the United States should work with China to advance economic and trade ties.
