一阶段贸易协定 Bloomberg Economics has used detailed data from the U.S. Census Bureau to quantify China’s miss. We assume for illustrative purposes that the targets for purchases are distributed linearly over the year.If China were on track to hit its target, exports from the U.S. of goods listed under the phase-one targets would have hit $71 billion over the first half of the year. In fact, they languished at $33.1 billion — only marginally above the $32.5 billion recorded in the first six months of 2019. Of course, the Covid-19 shock — which hit both U.S. exporters and importers — played a major role.The shortfall was broad-based across all targeted categories. Purchases fell substantially short in agriculture, where staying on track to hit the target over the first six months of 2020 implied exports of almost $17 billion; actual purchases came in at just $6.5 billion. Energy exports to date reached only about a fifth of the implied target, despite some increase in the last couple of months.