The NYT is reporting that the US is beginning an investigation into China's compliance with the 2020 trade deal
The Trump administration is planning to launch a Section 301 investigation into China’s compliance with the 2020 trade deal, potentially escalating trade tensions.
The move could be announced as soon as Friday, ahead of President Trump’s Oct. 30 meeting with Xi Jinping in South Korea, as Washington seeks leverage in negotiations.
Under the 2020 Phase One deal, China pledged to purchase an additional $200 billion in U.S. goods and services and improve market access and IP protections.
Analyses show China never fulfilled those commitments, purchasing none of the promised additional goods, partly due to the COVID-19 pandemic’s impact on trade.
The investigation could pave the way for additional tariffs, though no final decision has been made.
The Trump administration is announced that tariffs would increase by 100% starting November 1. They are already at 55% on China imports.
