Charts: China promised Trump it would buy an additional $200 billion worth of US exports — but only met 60% of the trade deal target
processed a record number of standard shipping containers in 2021.President Joe Biden said on January 19 that it was too early to commit to lifting some US tariffs on Chinese imports, although US Trade Representative Katherine Tai was working on the issue.
"I'd like to be able to be in a position where I can say they're meeting the commitments, or more of their commitments, and be able to lift some of it.
"For Biden, the main benefit of a deal would be lowering inflation and boosting Chinese demand for products such as US manufacturing exports. But both effects would be modest, particularly relative to the political risks of being soft on China and weak on trade.
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