{"id":734508,"date":"2021-09-09T15:05:15","date_gmt":"2021-09-09T19:05:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=734508"},"modified":"2021-09-09T15:05:18","modified_gmt":"2021-09-09T19:05:18","slug":"report-china-is-falling-way-short-of-its-trade-deal-with-trump","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-china-is-falling-way-short-of-its-trade-deal-with-trump\/","title":{"rendered":"REPORT: China Is Falling Way Short Of Its Trade Deal With Trump"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freport-china-is-falling-way-short-of-its-trade-deal-with-trump%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=734508&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/GettyImages-1212971284-scaled-e1611077247915.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p dir=\"ltr\" lang=\"en\">China is falling well short of the purchase totals it committed to under the Phase One trade deal with former President Donald Trump, according to the non-partisan Peterson Institute for International Economics (PIIE).<\/p>\n<p dir=\"ltr\" lang=\"en\">Trump\u2019s trade deal with China went into effect in February 2020, with China agreeing to expand purchases of U.S. products by $200 billion for the two-year period between January 2020 and December 2021. The country has yet to meet that commitment, increasing purchases by just 58 percent of the agreed-upon total in 2020, and 69 percent as of July 2021, <a href=\"https:\/\/www.piie.com\/research\/piie-charts\/us-china-phase-one-tracker-chinas-purchases-us-goods?utm_source=twitter&amp;utm_medium=organic-social&amp;utm_campaign=july2021-phaseone&amp;utm_content=chart\" target=\"_blank\" rel=\"noopener noreferrer\">according to a report from the PIIE<\/a>.<\/p>\n<p dir=\"ltr\" lang=\"en\">In total, China has fallen more than $108 billion behind its purchasing commitments: $73.1 billion in 2020 and $35 billion so far in 2021.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.92\">\n<p dir=\"ltr\" lang=\"en\">UPDATED: Through July 2021, China\u2019s purchases of all products covered by the Phase One trade agreement reached less than 70% of year-to-date targets. <a href=\"https:\/\/twitter.com\/hashtag\/PIIECharts?src=hash&amp;ref_src=twsrc%5Etfw\">#PIIECharts<\/a><br \/>Learn more: <a href=\"https:\/\/t.co\/euxOIAugMj\">https:\/\/t.co\/euxOIAugMj<\/a> <a href=\"https:\/\/t.co\/EXlNnyOwHH\">pic.twitter.com\/EXlNnyOwHH<\/a><\/p>\n<p>\u2014 Peterson Institute (@PIIE) <a href=\"https:\/\/twitter.com\/PIIE\/status\/1436003473150124040?ref_src=twsrc%5Etfw\">September 9, 2021<\/a><\/p>\n<\/blockquote>\n<p>Trump <a href=\"https:\/\/dailycaller.com\/2020\/01\/15\/donald-trump-phase-one-trade-agreement-china\/\" target=\"_blank\" rel=\"noopener noreferrer\">signed the trade deal<\/a> in January 2020 and argued that it heralded an easing of tensions between China and the U.S. Those tensions have only gotten more severe under President Joe Biden.<\/p>\n<p><span id=\"subtitle1455\" class=\"subtitle processed selfragment\" data-id=\"1455\" data-start=\"3107304\" data-end=\"3110240\">\u201cToday we take a momentous step,<\/span>&nbsp;<span id=\"subtitle1456\" class=\"subtitle processed\" data-id=\"1456\" data-start=\"3110307\" data-end=\"3112509\">one that has never been taken<\/span>&nbsp;<span id=\"subtitle1457\" class=\"subtitle processed\" data-id=\"1457\" data-start=\"3112576\" data-end=\"3115479\">before with China, toward a<\/span>&nbsp;<span id=\"subtitle1458\" class=\"subtitle processed\" data-id=\"1458\" data-start=\"3115545\" data-end=\"3118348\">future affair and reciprocal<\/span>&nbsp;<span id=\"subtitle1459\" class=\"subtitle processed\" data-id=\"1459\" data-start=\"3118415\" data-end=\"3120217\">trade as we sign phase one of<\/span>&nbsp;<span id=\"subtitle1460\" class=\"subtitle processed\" data-id=\"1460\" data-start=\"3120283\" data-end=\"3121985\">the historic trade deal between<\/span>&nbsp;<span id=\"subtitle1461\" class=\"subtitle processed\" data-id=\"1461\" data-start=\"3121985\" data-end=\"3123987\">the United States and China,\u201d Trump said at the time. \u201c<\/span><span id=\"subtitle1462\" class=\"subtitle processed\" data-id=\"1462\" data-start=\"3124054\" data-end=\"3126089\">Together we are righting the&nbsp;<\/span><span id=\"subtitle1463\" class=\"subtitle processed\" data-id=\"1463\" data-start=\"3126156\" data-end=\"3127524\">wrongs of the past and<\/span>&nbsp;<span id=\"subtitle1464\" class=\"subtitle processed\" data-id=\"1464\" data-start=\"3127591\" data-end=\"3130260\">delivering a future of economic<\/span>&nbsp;<span id=\"subtitle1465\" class=\"subtitle processed\" data-id=\"1465\" data-start=\"3130327\" data-end=\"3131061\">justice and security for<\/span>&nbsp;<span id=\"subtitle1466\" class=\"subtitle processed\" data-id=\"1466\" data-start=\"3131128\" data-end=\"3132062\">American workers, farmers and<\/span>&nbsp;<span id=\"subtitle1467\" class=\"subtitle processed\" data-id=\"1467\" data-start=\"3132129\" data-end=\"3133997\">families.\u201d<\/span><\/p>\n<p>Biden <a href=\"https:\/\/dailycaller.com\/2020\/12\/02\/biden-says-hell-keep-trumps-china-trade-deal-and-tariffs-at-least-for-now\/\" target=\"_blank\" rel=\"noopener noreferrer\">has stated<\/a> that he has no plans to renegotiate the trade deal and plans to keep the Trump-era tariffs against China in place. <strong><a href=\"https:\/\/dailycaller.com\/2020\/12\/02\/biden-says-hell-keep-trumps-china-trade-deal-and-tariffs-at-least-for-now\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Biden Says He\u2019ll Keep Trump\u2019s China Trade Deal And Tariffs \u2014 At Least For Now)<\/a><\/strong><\/p>\n<p>While the phase one agreement called for further deliberation and meetings to create phase two and phase three trade deals, the talks never made any meaningful progress under Trump\u2019s administration. Biden has announced no plans to push his U.S. Trade Representative (USTR) back into negotiations with China.<\/p>\n<p>Biden has framed the struggle between the U.S. and China as one that will determine whether democracy or autocracy will lead the world into the future. He has ordered the Pentagon to reorient itself with China as a top priority and hopes to work with U.S. allies to economically isolate China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is falling well short of the purchase totals it committed to under the Phase One trade deal with former President Donald Trump, according to the non-partisan Peterson Institute for &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-734508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/734508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=734508"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/734508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=734508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=734508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=734508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}