China is a long way from meeting the commitments in its trade deal with the U.S. According to calculations made by Bloomberg, in the first 11 months of the year, China imported just over half the goods it promised to buy from the United States in the Phase One Trade Agreement; the 2020 target was $172 billion. And with the Biden Administration taking office January 20th, the outlook for the trade deal is uncertain.

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 targeted energy products. Aggregate soybean imports reached $8.1 billion from January-November, compared with $10.2 billion in 2017. The trade deal says China’s imports of manufactured, agricultural, and energy goods in 2020 were to be no less than $32.9 billion, $12.5 billion, and $18.5 billion.

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