U.S.-China trade surplus narrows to $40.75 billion, Beijing far from meeting purchase commitments under Phase 1 deal

According to Chinese customs data released on Tuesday, Beijing’s trade surplus with the United States has narrowed to $30.75 billion in September, down from $34.24 billion a month earlier.

For the first nine months of the year, China’s trade surplus with the United States was $218.57 billion.

Incidentally, China is far behind its commitment to buy more U.S. goods as outlined in the Phase 1 deal that it struck with Washington.

Earlier this month, U.S. Department of Agriculture Secretary Perdue had, Beijing may fail to meet its commitment on purchasing large amounts of U.S. agricultural products due to “non-agricultural trade issues”.

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