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Ooops! The Greatest Trade Deal Ever With China Fast Going Pear-Shaped

Summary:
Through April 2020, China’s year-to-date total imports of covered products from the United States were .0 billion, compared with a prorated year-to-date target of .6 billion. Over the same period, US exports to China of covered products were .4 billion, compared with a year-to-date target of .6 billion. Through the first four months of 2020, China’s purchases of all covered products were thus only at 43 percent (US exports) or 45 percent (Chinese imports) of their year-to-date targets. https://www.piie.com/research/piie-charts/us-china-phase-one-tracker-chinas-purchases-us-goods

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Through April 2020, China’s year-to-date total imports of covered products from the United States were $26.0 billion, compared with a prorated year-to-date target of $57.6 billion. Over the same period, US exports to China of covered products were $20.4 billion, compared with a year-to-date target of $47.6 billion. Through the first four months of 2020, China’s purchases of all covered products were thus only at 43 percent (US exports) or 45 percent (Chinese imports) of their year-to-date targets.

https://www.piie.com/research/piie-charts/us-china-phase-one-tracker-chinas-purchases-us-goods

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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