- China went on a buying spree in August, but it didn’t go very far toward making up the deficit
- Soybean purchases are up just 15% from last year while corn is up 50%
- U.S. Trade Representative Robert Lighthizer has said that if you forget the first two months of the year, China has done a “pretty good” job in increasing imports
An analysis of China’s imports from the U.S. indicated Monday Beijing has been unable to meet its commitments under the phase 1 U.S.-China trade deal signed in January despite huge increases in soybeans, corn and cars.
The trade deal mandated $200 billion in additional Chinese purchases compared with 2017 levels.
Through August, China was just a third of the way to meeting the, Chad Brown, trade economist at the Peterson Institute for International Economics, told the South China Morning Post.
Brown’s analysis indicated U.S. imports are well