Beijing Fell Short on Trade Deal Promises

“Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday with China expected to miss its targets by a wide margin, creating a dilemma for the Biden administration as it calibrates a response,” the Wall Street Journal reports.

“The White House could potentially reinstate certain tariffs that were cut as part of the trade deal, but that could backfire if China cut back U.S. purchases or took measures against American companies doing business there.”

Meanwhile, the Wall Street Journal reports the U.S. has been sidelined as China pursues another Asia-Pacific trade pact.