Economics

China Seeks U.S. Trade-Target Flexibility Amid Virus Spread

  • Pact contains clause dealing with delays in compliance
  • China pledged to buy $76.7 billion more U.S. goods in year one
Bloomberg’s Dani Burger reports on commodities in China dropping at the market open.(Source: Bloomberg)
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Chinese officials are hoping the U.S. will agree to some flexibility on pledges in their phase-one trade deal, people familiar with the situation said, as Beijing tries to contain a health crisis that threatens to slow domestic growth with repercussions around the world.