China is still falling short of meeting an agreement to reduce its U.S. trade surplus


Source: worldnewsera.com worldnewsera.com

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A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007. Teh Eng Koon | AFP | Getty Images BEIJING — China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic and under former U.S. President Donald Trump, [China agreed to buy at least $200 billion more](//www.cnbc.com/2020/01/15/heres-what-china-agreed-to-buy-from-the-us-in-the-phase-one-trade-deal.html) in U.S. goods and services over the next two years, relative to the 2017...