fbpx

Type to search

China Fell Short on Trade Pledge in Dilemma for Biden – WSJ

The White House may reinstate certain tariffs that were cut as part of the trade deal


China is planning for President Xi to meet Joe Biden during one of the two big regional summits planned in Southeast Asia in mid-late November, the WSJ says.
China is planning for President Xi Jinping to meet US leader Joe Biden in November after he secures a third term at the Communist Party's Congress early that month, a senior US official has revealed. This photo shows a recent video call between the two leaders, by Jonathan Ernst, Reuters.

 

China’s pledge to step up purchases of US goods and services under a 2020 trade pact expired Friday with China set to miss its targets by a wide margin, creating a dilemma for the Biden administration as it calibrates a response, The Wall Street Journal reported.

The White House may reinstate certain tariffs that were cut as part of the trade deal, but that could backfire if China cut back US purchases or took measures against American companies doing business there, the report added.

Read the full report: The Wall Street Journal

 

ALSO READ:

 

 

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

logo

AF China Bond