WASHINGTON, Nov 11 — The Biden administration is getting traction with China in talks over Beijing’s compliance with a Trump-era trade deal, US Trade Representative Katherine Tai said on Wednesday, but she declined to predict an outcome while discussions continue.
China is running far behind in its promises in the deal to boost purchases of US goods by US$200 billion during 2020 and 2021, compared to 2017 levels, reaching only 60 per cent of the target through Sept. 30, according to data compiled by trade economist Chad Bown of the Peterson Institute for International Economics.
US President Joe Biden and Chinese President Xi Jinping have a virtual meeting scheduled as early as next week amid rising tension between the world’s two largest economies.
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