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Draft Trump trade memo targets US trade deficit, China purchases of US exports

The memo, expected to be signed shortly, also directs federal agencies to assess China’s performance under the “Phase 1” trade deal he signed with Beijing in 2020 to end a nearly two-year tariff war. The deal required China to increase purchases of U.S. exports by $200 billion over two years, but Beijing failed to meet the targets as the COVID-19 pandemic hit.

“China’s adherence to this agreement will now be assessed, to determine whether enforcement or changes are required,” the memo reads.


Source: Economy - investing.com

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