Phase 1 falls $21B behind schedule as U.S.-China relations worsen — Panjiva
MENU

Panjiva_research_logo

Phase 1 falls $21B behind schedule as U.S.-China relations worsen

Ags - Grains/Beans 226 Ags - Meat/Dairy 175 China 2393 Cons. Discr. - Autos 858 Energy - Natural Gas 113 Energy - Refined Oil 174 Health Care 194 Tariffs 1558 Trade Deals 847 U.S. 4229

Relations between the U.S. and China appear to be worsening amid a spat over the origins and handling of the coronavirus pandemic. President Trump has already raised the prospect of increased tariffs which would breach the phase 1 trade deal. At the same time though China’s imports from the U.S. have been in decline, dropping 23.5% year over year in March in total, which may breach the purchase commitments made in the deal. There was a 16.2% year over year slide in U.S. exports of the 548 products covered by the pact in March versus 2019 as well as a 14.4% slide versus 2017, the baseline...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.