U.S. Trade Representative: China is fulfilling the trade agreement and has purchased approximately 10 billion US dollars in goods
U.S. Trade Representative Lighthizer said that Chinese officials have repeatedly reiterated that they will abide by their commitments in the phase one trade agreement and purchase more U.S. goods and services. He added that China has purchased about $10 billion in goods so far.
Lighthizer told members of the House Ways and Means Committee that China has purchased about $1 billion in U.S. cotton since the trade deal took effect in February, well above previous levels. , but still below the significantly raised target for this year.
He did not disclose specific targets for cotton purchases at the end of the year.
In addition, Lighthizer said that he believed that the World Trade Organization (WTO) was a “mess” and that efforts to find a new leader for the WTO may provide the opportunity to advance necessary reforms. Chance.
Lighthizer said at a hearing of the House Ways and Means Committee that Washington hopes that the next WTO director-general will support the need for reform and understand that free economies are working with Problems when dealing with China.
“I think we need a director-general who understands that under current WTO rules, the extremely large state-owned economy cannot be restrained,” Lightsey said. Ze said, referring to longstanding U.S. complaints about China’s unfair trade practices. He said that if a candidate had “a hint of anti-American sentiment” in the past, it would lead to a veto from the United States.
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