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Biden says Trump's China trade deal is 'failing' badly

2020-08-06 08:52:40       source:Reuters

August 6, 2020 

(Reuters) - U.S. Democratic presidential candidate Joe Biden on Wednesday ratcheted up the rhetoric on President Donald Trump’s handling of the country’s increasingly tense relationship with China, saying the Republican’s much-vaunted trade deal was “failing.”

Commerce Department data showed the U.S.-China trade deficit widened 5% to $28.4 billion in June from the month prior and confirmed that Beijing is falling well short of its commitments to buy U.S. goods. Trump has made closing the imbalance a pillar of his economic diplomacy.

“Trump’s ‘phase one’ trade deal with China is failing - badly,” Biden said in a statement sent to Reuters.

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