YESTERDAY: USTR Lighthizer & China's Liu He met to discuss Trump's Phase One deal.
TODAY (NEW DATA RELEASE!!!): Through the first seven months of 2020, China’s purchases remained at less than 50% of the year-to-date targets set out in the agreement... 1/
piie.com/research/piie-…
TODAY (NEW DATA RELEASE!!!): Through the first seven months of 2020, China’s purchases remained at less than 50% of the year-to-date targets set out in the agreement... 1/
piie.com/research/piie-…
CHINA'S PURCHASES OF FARM PRODUCTS:
Through July, China’s purchases of US agricultural products were only at 39% (US export statistics) or 46% (Chinese import statistics) of their 2020 year-to-date targets set out in the agreement...
[soybean GIF choices pretty lame. sorry] 2/
Through July, China’s purchases of US agricultural products were only at 39% (US export statistics) or 46% (Chinese import statistics) of their 2020 year-to-date targets set out in the agreement...
[soybean GIF choices pretty lame. sorry] 2/
CHINA'S PURCHASES OF ENERGY PRODUCTS:
Through July, China’s purchases of US energy products were only at 24% (US export statistics) or 17% (Chinese import statistics) of their year-to-date targets set out in the agreement... 3/
Through July, China’s purchases of US energy products were only at 24% (US export statistics) or 17% (Chinese import statistics) of their year-to-date targets set out in the agreement... 3/
CHINA'S PURCHASES OF MANUFACTURED PRODUCTS:
Through July, China’s purchases of US manufactured products were only at 58% (US export statistics) or 56% (Chinese import statistics) of their year-to-date targets set out in the agreement... 4/
Through July, China’s purchases of US manufactured products were only at 58% (US export statistics) or 56% (Chinese import statistics) of their year-to-date targets set out in the agreement... 4/
DETAILS from the USTR Lighthizer (and Treasury Secretary Mnuchin) / Liu He call - context was the 6-month check up since the February 2020 implementation of Trump's "HISTORIC" (!!!) Phase One deal - issued the evening of Monday, August 24...
👉🏾 ustr.gov/about-us/polic…
👉🏾 ustr.gov/about-us/polic…
HEADLINE / PUT DIFFERENTLY:
Through July, China has made only 28% of the purchases needed to meet the 2020 targets.
To fulfill Trump's trade deal, China must do 72% of the annual buying for 2020 over 5 short months.
(details / bookmark👇🏾) ENDS/
piie.com/research/piie-…
Through July, China has made only 28% of the purchases needed to meet the 2020 targets.
To fulfill Trump's trade deal, China must do 72% of the annual buying for 2020 over 5 short months.
(details / bookmark👇🏾) ENDS/
piie.com/research/piie-…
