China Fails to Purchase Amount of U.S. Goods Promised in Phase One Trade Deal, Report Finds

China came $73.1 billion short of the total amount of U.S. goods it promised to purchase in the phase one trade deal between the two nations, according to a Peterson Institute for International Economics report.

While it agreed to purchase $173.1 billion in U.S. goods by the end of 2020, China purchased just $100 billion worth of goods, according to import data analyzed by the Peterson Institute for International Economics (PIIE). In January 2020, former President Donald Trump and Chinese Vice Premier Liu He signed the phase one trade deal, which was aimed at resolving long-running China-U.S. trade disputes, and in February the deal went into effect.

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