China More Than $200 Billion Short on Promise to Purchase US Goods and Services

China More Than $200 Billion Short on Promise to Purchase US Goods and Services
Containers are seen at the Yangshan Deep Water Port in Shanghai, China on Oct.19, 2020. Aly Song/Reuters
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China fell more than $200 billion short of its purchase commitments for goods and services in a trade deal that it reached with the United States during the Trump administration, according to a report released Tuesday.
The commitment was made in the so-called Phase One deal, in which Beijing promised to purchase an extra $200 billion worth of American exports above its 2017 levels, before a U.S.-China trade war began.