Future of US–China Trade Deal Uncertain as Beijing Fails to Meet Phase One Targets

Then-U.S. Vice President Joe Biden and Chinese leader Xi Jinping toast during a state luncheon for China at the Department of State in Washington on Sept. 25, 2015. PAUL J. RICHARDS/AFP via Getty Images

WASHINGTON—China has fallen short on meeting its pledges in the “phase one” trade agreement signed last year, and the Biden administration will soon commence a review of the deal to determine a proper policy response.

Treasury Secretary nominee Janet Yellen said there would be no immediate moves to lift punitive tariffs on Chinese imports that were imposed by the Trump administration.