China is still falling short of meeting an agreement to reduce its U.S. trade surplus

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China is still falling short of meeting an agreement to reduce its U.S. trade surplus
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While Biden has yet to lay out a trade strategy, China still falls short of meeting the phase one deal, says the Peterson Institute for International Economics.

China's purchases of U.S. goods are still falling short of trade agreement levels, according to the U.S.-based Peterson Institute for International Economics.

Ministry of Commerce Spokesman Gao Feng declined at a July 15 press conference to confirm whether the phase one agreement was still being implemented.Teh Eng Koon | AFP | Getty Images That's according to analysis out Monday from the U.S.-based Peterson Institute for International Economics.China agreed to buy at least $200 billion more

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