China Misses Trade Buying Deadline


China is a long way from meeting the commitments in its trade deal with the U.S.

Farm says the latest data shows the Southeast Asian nation has imported just over half the goods it promised to buy from America in the Phase One Trade Agreement.

Over the first 11 months of the year, China bought about 50.5% of the total 2020 target of $172 billion.

That’s according to Bloomberg calculations based on figures from the U.S. Custom’s Administration.

The outlook for the trade deal is uncertain as a new administration prepares to take office in Washington, D.C.

As of the end of November, data shows that China had bought 54% of targeted manufacturing products, 53% of agricultural goods, and 31% of the energy products.