U.S. trade groups urge China to increase purchases of U.S. goods, services

The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top American and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by the world's two largest economies in January despite pandemic-related strains. In a letter to U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the groups said they were encouraged by the progress so far, but urged a significant increase in China's purchases of U.S. goods and services. The agreement called for China to purchase $200 billion in additional U.S. goods and services over the next two years.

from Yahoo News - Latest News & Headlines https://ift.tt/3f0j7oZ