China Makes Slow Progress on U.S. Trade Deal as Purchases Slide
China reduced the pace of its purchases of U.S. goods in August, making slow progress in meeting the goals of its trade deal with the world’s biggest economy.
The value of U.S. goods bought by China declined from the previous month, led by a slowdown in energy products, according to Bloomberg calculations based on Customs Administration data. By the end of August, China had purchased about 32.8% of the full-year target of more than $170 billion -- meaning it must buy about $115 billion of goods in the remaining four months of the year to comply with the agreement signed in January.
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