Economics
Virus Raises Worry China Won’t Meet U.S. Trade-Deal Pledges
- Financial markets slump on weaker global growth outlook
- ‘Unforeseeable event’ can trigger talks if pledges aren’t met
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
China’s promises in its phase-one trade deal to increase purchases from the U.S. -- which experts already were calling unrealistic -- will be even tougher to fulfill now that a new virus is hammering demand and interfering with supply chains.