Demand from markets outside the United States, such as the European Union and Africa, failed to compensate for the slump in sales to American consumers.
As part of the trade deal, Washington says Beijing will also take ‘appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China.’
Analysts warn the upgraded free trade pact will continue to allow cheap China-made goods to flood regional markets and hollow out ASEAN member economies.
State media touted economic progress, while Chinese people have described worsening hardship, political contradictions, and fading public trust in Xi’s rule.
The U.S. call is primarily a symbolic political gesture, and the two countries are moving from a tariff war to a long standoff over rules, said analysts.
Demand from markets outside the United States, such as the European Union and Africa, failed to compensate for the slump in sales to American consumers.
As part of the trade deal, Washington says Beijing will also take ‘appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China.’
Analysts warn the upgraded free trade pact will continue to allow cheap China-made goods to flood regional markets and hollow out ASEAN member economies.
State media touted economic progress, while Chinese people have described worsening hardship, political contradictions, and fading public trust in Xi’s rule.
The U.S. call is primarily a symbolic political gesture, and the two countries are moving from a tariff war to a long standoff over rules, said analysts.