WASHINGTON/BEIJING: Top US and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday .
The USTR said they"addressed steps that China has taken to effectuate structural changes" on issues including protecting intellectual property rights, removing impediments for US firms in the financial services and agriculture sectors and eliminate forced technology transfers. While China recently ramped up buying of farm goods including soybeans, it is far from meeting its commitment to buy US$36.5 billion worth of US agricultural goods under the deal - purchases that Trump has counted on to bolster support in farm states that backed him in the 2016 election.
"We are definitely going to maintain the stance to buy as much as possible, but it is really hard to say whether the targets can be reached."
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