Bown: China fell dramatically short of commitments to buy more U.S. exports

China over the past two years fell more than $200 billion shy of the total in U.S. exports it pledged to buy above 2017 baseline levels laid out in the phase-one U.S.-China agreement, according to new analysis by Peterson Institute for International Economics senior fellow Chad Bown. Under the phase-one deal negotiated during the Trump administration, China committed to buying $76.7 billion more in 2020 in certain goods and services and $123.3 billion more in 2021 above 2017 levels –...