The US and China delayed a review of their Phase One trade deal so Beijing has time to 'buy more goodies' from America - Creak News

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The US and China delayed a review of their Phase One trade deal so Beijing has time to 'buy more goodies' from America

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GettyImages 1220578124The Washington Post

  • The US and China have postponed a review of their Phase One trade deal that was initially set for Saturday, Reuters reported. 
  • Sources familiar with the plans told the news agency that the meeting was postponed due to scheduling conflicts and the need to allow China more time to buy US exports in line with the trade agreement.
  • "In contrast to most US-China rhetoric these days, the tone from both sides was refreshingly polite and civilized,"  a senior market analyst at OANDA said.
  • Data shows Chinese imports of US farm and manufactured goods, energy and services are lagging behind the pace required to meet a first-year target increase of $77 billion over 2017 purchases, Reuters said.
  • Visit Business Insider's homepage for more stories.

The US and China have pushed back a review of their Phase One trade deal that was initially organized for Saturday, according to a Reuters report

No new date has been agreed upon for a review of the deal signed in January.

See the rest of the story at Business Insider

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SEE ALSO: China is far behind and is 'never gonna catch up' with the Phase 1 trade agreement with the US, an expert says



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