U.S. and China Negotiators Pledge to Implement Phase One Trade Deal - The Wall Street Journal

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U.S. Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and Treasury Secretary Steven Mnuchin in Washington in October.

Photo: yuri gripas/Reuters

By

Jonathan Cheng

• Biography
• @JChengWSJ
• Jonathan.Cheng@wsj.com

May 7, 2020 11:28 pm ET

BEIJING—The top trade negotiators for the U.S. and China talked on the phone Friday, pledging to create favorable conditions for the phase one trade deal, China’s state-run Xinhua News Agency reported.

Chinese Vice Premier Liu He was invited to speak with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin Friday morning Beijing time, Xinhua said.

The two sides pledged to enhance economic and public-health cooperation and moved to create a favorable environment to implement the trade deal signed in January. The two sides also agreed to keep close communications, Xinhua said without providing further details.

The call came after President Trump threatened to “terminate” the trade deal if China failed to buy promised goods and services from the U.S.

China has agreed to purchase an additional $200 billion in U.S. products and services over two years compared with the amount in 2017. But analysts say the coronavirus pandemic has made it hard for Beijing to realize that goal.

In the first four months, China’s imports from the U.S. fell 5.9% from the same period a year ago, according to the official data released Thursday.

The novel coronavirus has escalated tensions between the U.S. and China in ways that will likely linger after the virus is contained. WSJ’s Gerald F. Seib explains. Photo: Kevin Lamarque/Reuters

—Grace Zhu contributed to this article.

Write to Jonathan Cheng at jonathan.cheng@wsj.com

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