China’s pledge to step up purchases of US goods and services under a 2020 trade pact expired Friday with China set to miss its targets by a wide margin, creating a dilemma for the Biden administration as it calibrates a response, The Wall Street Journal reported.
The White House may reinstate certain tariffs that were cut as part of the trade deal, but that could backfire if China cut back US purchases or took measures against American companies doing business there, the report added.
Read the full report: The Wall Street Journal
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