Posted on 01/03/2022 2:19:39 PM PST by RomanSoldier19
Sino-U.S. trade tensions could flare up again as it appears China will miss its obligations under a nearly expired agreement that emerged from a dispute during the administration of former U.S. President Donald Trump, analysts said.
The Economic and Trade Agreement signed by the two superpowers in January 2020 is set to end December 31. Trade observers say China has not complied with a clause that obligates it to buy imports of manufactured goods, farm products, energy products and certain services from the U.S. at a total of $200 billion more than the 2017 total. China purchased $186 billion in goods and services in 2017 before the trade war, according to U.S. government figures.
China has had trouble complying because of delays in Chinese aircraft orders from the U.S. and pandemic-related setbacks, said Matthew Goodman, senior vice president for economics with the Washington-based Center for Strategic & International Studies, a research group.
"I do think that the Biden administration is going to follow through on this agreement and hold China to account," Goodman told VOA. "I don't see any reason that they're going to change tack."
(Excerpt) Read more at voanews.com ...
“I do think that the Biden administration is going to follow through on this agreement and hold China to account,” Goodman told VOA. “I don’t see any reason that they’re going to change tack.”
Oh, I can think of a couple reasons. The videos the ChiComms took of Hunter with those girls should do the trick. As well as the one of him taking the bags of cash.
10% for THE BIG GUY!
Hold them to account how? The time has already passed.
They are filthy, lying, evil commies. Breaking agreements is what they do.
They have nothing to fear from 10% Biden or Hunter.
I guess this means we don’t have to honor the notes they hold on our nat’l debt.
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