US not allowed to leave phase 1 agreement with China – Community News
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US not allowed to leave phase 1 agreement with China

By Bashar Malkawi (December 8, 2021, 5:54 PM EST) — The US-China economic and trade agreement, known as the Phase One deal, came into effect on February 14, 2020.[1]

With this agreement, China promised to implement structural reforms, open up its financial services and strengthen intellectual property, among other things. China agreed to buy at least $200 billion worth of US goods and services by the end of this year.

However, after nearly two years, complaints have surfaced that China is failing to meet its obligations under the Phase One deal.[2] According to some statistics, China has only achieved 62% of that goal.[3]

Now that the deal is coming to an end…

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