The NYT is reporting that the US is beginning an investigation into China’s compliance with the 2020 trade deal
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The Trump administration is planning to launch a Section 301 investigation into China’s compliance with the 2020 trade deal, potentially escalating trade tensions.
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The move could be announced as soon as Friday, ahead of President Trump’s Oct. 30 meeting with Xi Jinping in South Korea, as Washington seeks leverage in negotiations.
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Under the 2020 Phase One deal, China pledged to purchase an additional $200 billion in U.S. goods and services and improve market access and IP protections.
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Analyses show China never fulfilled those commitments, purchasing none of the promised additional goods, partly due to the COVID-19 pandemic’s impact on trade.
The investigation could pave the way for additional tariffs, though no final decision has been made.
The Trump administration is announced that tariffs would increase by 100% starting November 1. They are already at 55% on China imports.
