Remember that extra $200B in exports China was going to buy as part of Trump's "yuge" trade deal

[Nevilledog]

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Ed Greenberger
@EdGreenberger
Remember that extra $200B in exports China was going to buy as part of the “yuge” trade deal Trump made? Yeah, China bought zero dollars.

Trump is the biggest snake oil salesman in US history.

reuters.com
U.S. December trade data reveals massive shortfall in China's 'Phase 1' purchases
U.S. goods exports to China fell in December, cementing a massive shortfall in Beijing's two-year purchase commitments under the "Phase 1" trade deal negotiated by former President Donald Trump's...
5:58 PM · Feb 8, 2022

https://www.reuters.com/article/usa-trade-china-idUSKBN2KD1X6


The U.S. Census Bureau said on Tuesday that the United States’ 2021 goods trade deficit with China rose by $45 billion, or 14.5%, to $355.3 billion, the largest since a 2018 record of $418.2 billion.

The 2020 gap was $310.3 billion, a 10-year low driven by coronavirus pandemic lockdowns.

The global U.S. trade deficit in 2021 surged 27% here to a record $859.1 billion as businesses restocked inventories to meet robust demand.

NO EXTRA PURCHASES

The data showed China missed by far its commitments to purchase an additional $200 billion worth of U.S. farm and manufactured goods, energy and services above 2017 levels - the year before a bitter trade war embroiled the world’s two largest economies.

*snip*

[madinmaryland]

1. And Jarvanka got multiple patents and $600 million in deals with China...

Grifters will grift.

[BlueIdaho]

2. They decided to invest their money

In Bitcoin mining instead.