China still hasn't reached an arrangement to reduce the U.S. trade surplus

On July 9, 2007, the US and Chinese flags were waved outside a commercial building in Beijing. Teh Eng Koon | AFP | Getty Images Beijing — Despite a surge in overall Chinese imports from the United States, China's purchases of US products are still below trade agreement levels. This is from an analysis conducted Monday by the US-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic, under former President Donald Trump, China will offer at least $ 200 billion more US goods and services over the next two years compared to 2017 levels. I agreed…