💨 Abstract

President Trump has directed federal agencies to investigate and rectify persistent trade deficits and address unfair trade practices by other countries, including currency manipulation. The White House memo also orders an assessment of China's compliance with the 2020 Phase 1 trade deal, which failed to meet its export purchase targets due to the COVID-19 pandemic. The memo stops short of imposing immediate tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖