China trade deal progressing slowly
We now have trade numbers for July 2020, and the U.S. trade deal with China is not meeting expectations. The United States Census Bureau has released data regarding United States trade with China through July 2020. The Peterson Institute for International Economics has analyzed this data. According to the Peterson analysis, China is not on pace to meet the terms of the deal which is the Economic and Trade Agreement Between the United States of America and the People’s Republic Of China: Phase One, which went into effect on February 14, 2020. For all products, China is purchasing U.S. products…