Senior US and Chinese officials will review the implementation of their phase one trade deal and likely air mutual grievances in an increasingly tense relationship during an August 15 video conference, two people familiar with the plans said, Reuters reports. The meeting plans were first reported by the Wall Street Journal. Under the phase one trade deal signed in January, China had pledged to boost purchases of U.S. goods by some US$200 billion over 2017 levels, including agricultural and manufactured products, energy, and services. Beijing has bought only 5 percent of the energy products needed to meet the phase one first year goal of US$25.3 billion. One of the people familiar with the plans said Chinese officials hoped to discuss other issues beyond the phase one trade deal implementation.

Source: The Standard August 05, 2020 06:33 UTC