According to the information Bloomberg has obtained from China data, since the trade agreement signed in January 2020, China has made purchases of approximately 237 billion dollars from the USA in the fields of agriculture, manufacturing and energy.
Although China's purchases increased compared to 2019, they remained well below the targets. He stated that they remained below the targets due to the Chinese pandemic. On the other hand, Americans' appetite for products such as home electronics and bicycles from China increased during the pandemic period, and exports in China reached record high levels.
Although it is stated in the agreement that China will make more purchases, there are uncertainties about what action the government will take in the near term.
China is demanding the removal of additional tariffs in order to accelerate the recovery of the global economy and reduce inflationary pressures. US President Joe Biden, on the other hand, said last week that they are not negotiating to renew the agreement.
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