A $50 Billion Hole Adds Intrigue to China’s US Export Binge

Business groups have stopped short of calling those targets unachievable. But they have made clear they may never be met.“ This is ambitious and it will create some stresses within the supply system,” said Craig Allen, the president of the US-China Business Council.Among the questions remaining, Allen said, was whether China would lift its retaliatory duties on American products because US tariffs will remain on some $360 billion in imports from China as Trump seeks to maintain leverage for a second phase of negotiations. Allen also made clear the overall purchase schedule left many US companies uncomfortable even as they saw benefits in other parts of the deal. “The vast majority of our members are looking for no more than a level playing field in China,” Allen said. “We are not looking for quotas or special treatment.”