Chinese officials recently expressed “strong dissatisfaction” with U.S. sanctions that came in response to a new national security bill on Hong Kong, warning that the U.S. meddling could derail the phase one trade deal by skleb1234
... [+]Although the phase one trade deal is still alive on paper, if the United States continues to pressure China over “” that it considers off limits—such as Hong Kong, Taiwan and other matters—then the latter could halt its purchases of certain American exports.
Under the trade deal, China pledged to buy $200 billion of U.S. goods including soybeans and pork, but many experts have doubts about the agreement: “It is unlikely that China will manage to meet its purchase obligations under the phase one deal, which were largely unrealistic to begin with,” says Evan Rees, an Asia-Pacific analyst for Stratfor, a RANE company.
“While still intact, the longevity of the phase one trade deal is increasingly in question for a host of reasons, with numerous triggers that could derail the agreement, including Hong Kong, Huawei, Taiwan, the South China Sea and several human rights issues,” he says.a new bill that places sanctions on Chinese officials and businesses who undermine Hong Kong’s autonomy from Beijing.with U.S.
While Yang stressed that China remains committed to carrying out the trade deal and both sides have to “work together,” that message also carried a cautionary tone, sourcesOne Chinese official said Yang implied that “the U.S. side should refrain from going too far with meddling,” and if “Chinese Vice Premier Liu He, Beijing’s top trade negotiator, delivered a
after the meeting on June 18, suggesting that China’s ability to carry out its purchasing commitments under the trade agreement will require the United States to ease pressure on other fronts.,” despite earlier comments from trade advisor Peter Navarro which seemed to suggest that the deal was “over.” “Beijing is making it clear that its compliance with the deal is contingent on the U.S.
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