Six-Month Review of US-China Trade Deal Reportedly Postponed
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were not able to hold a videoconference with China Vice Premier Liu He on the progress of the U.S.-China trade deal over its first six months, Reuters reported. The six-month anniversary of the deal, Saturday, Aug. 15, was the intended date for the review. The USTR did not respond to a question on when a meeting would be rescheduled to talk about compliance. Reuters reported that a source said the U.S. wanted more time for China to increase its U.S. purchases agreed to in the deal, which entered into force Feb. 15, just before the COVID-19 pandemic began to disrupt commerce globally.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Also on Saturday, President Donald Trump said that China has been buying a lot of U.S. products “to keep me happy.” He said, “Last week, they purchased the two largest days in the history of corn purchase and a massive amount of soybeans. Also cattle.”