Source: Keith Good, UNIV. OF ILLINOIS, FARM POLICY NEWS, 1/2/22


Wall Street Journal writer Josh Zumbrun reported last week that, “Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday [December 31st] with China expected to miss its targets by a wide margin, creating a dilemma for the Biden administration as it calibrates a response. “Beijing Fell Short on Trade Deal Promises, Creating Dilemma for Biden,” by Josh Zumbrun. The Wall Street Journal (December 31, 2021). “The White House could potentially reinstate certain tariffs that were cut as part of the trade deal, but that could backfire if China cut back U.S. purchases or took measures against American companies doing business there.

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