US-China trade war deal reaches first anniversary as bilateral mistrust hits ‘all-time high’

HONG KONG, Jan 17 (SCMP): One year after signing the phase one trade deal with the US, China remains far behind in its commitment to buy more American goods, though the agreement has been a vital sticking plaster in a fast deteriorating bilateral relationship, experts said.

The world’s two largest economies signed the deal on January 15 last year, effectively calling a ceasefire in a trade war that saw tariffs slapped on billions of dollars worth of products and reorganised global supply chains after it was launched by the US in July 2018.