US, China to discuss trade deal amid COVID-19 disruption

Sun Online Desk

15th August, 2020 04:24:18 printer

US, China to discuss trade deal amid COVID-19 disruption

Negotiators from the United States and China will on Saturday discuss the “phase one” trade deal signed earlier this year — before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse.

Washington and Beijing’s January deal represented a partial truce in their months-long trade war, and obligated Beijing to import an additional $200 billion in American products over two years, ranging from cars to machinery to oil to farm products.

But purchases of those goods have been lagging, while US President Donald Trump has stepped up rhetoric against China ahead of what’s expected to be a tough fight for a second term in the November elections, raising questions about the deal’s fate as well as the possibility of a second phase of the truce, AFP reported.

 


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