[BEIJING] Top US and Chinese trade officials reaffirmed their commitment to a Phase One trade deal and discussed how to increase lagging Chinese purchases of American goods, lending support to financial markets on Tuesday. Read more at The Business Times.
White House trade adviser Peter Navarro, a vocal China hawk, told reporters on Tuesday the trade deal was"alive and well".Tensions between Washington and Beijing have grown over the coronavirus and issues ranging from a new national security law imposed on Hong Kong to US sanctions against Chinese tech firms accused of threatening US national security.
"The parties also discussed the significant increases in purchases of US products by China as well as future actions needed to implement the agreement," it said. The United States exported just US$7.27 billion in agricultural goods to China in the first half of the year, according to the US Census Bureau.
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