Trump’s proposed trade invitation targets US trade deficit, China buys US imports By Reuters

WASHINGTON (Reuters) – U.S. President Donald Trump is ordering federal agencies to “investigate and correct” persistent U.S. trade deficits, and tackle unfair foreign trade practices and fraud while the money, according to a White House business plan seen by Reuters. of ordering new rates immediately.

The memo, expected to be signed soon, also directs government agencies to monitor China’s performance under the “Phase 1” trade deal it signed with Beijing in 2020 to end a nearly two-year-old tariff war. The deal required China to increase the value of American exports by $200 billion over two years, but Beijing failed to meet the terms when the COVID-19 pandemic hit.

“China’s compliance with this agreement will now be reviewed, to see if implementation or changes are necessary,” reads the memo.