News Snapshot:
CHICAGO, Illinois: Two years ago, in an attempt to end their deepening trade war, the United States and China signed an agreement in which China promised to purchase an additional US$200 billion worth of US goods and services in 2020 and 2021, relative to 2017 levels. That implied a total purchase commitment of US$502.4 billion over the two-year period. In the end, China bought only 57 per cent of the US exports that it had promised to buy, or US$288.8 billion, and thus purchased none of the extra US$200 billion . But this shortfall, far from being a failure, should...
