About: http://data.cimple.eu/news-article/6ac37bac716b00d9644abd3156b051ce8a524e6beebc10c30334641a

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rdf:type	schema:NewsArticle
schema:articleBody	US Treasury Secretary Steven Mnuchin said Monday he expects China to uphold a trade deal reached with Washington this year, and warned of "consequences" if the country did not. The comments come amid a sharp drop in global trade caused by the coronavirus pandemic as well as a dispute between the two powers over fault for the spread of the virus, which first broke out in Wuhan, China. The US and China in January signed an agreement to end a nearly two year-long trade war, that included a commitment by Beijing to buy an additional $200 billion in American goods over the next two years. "I'm expecting them to meet their obligations," Mnuchin said on Fox Business Network. "I have every reason to expect that they honor this agreement and if they don't, there would be very significant consequences in the relationship and in the global economy as to how people would do business with them." However, relations between Washington and Beijing have soured in recent weeks, with US President Donald Trump blaming China for the pandemic, and threatening tariffs. The US has been hit with tens of millions of layoffs as the virus has spread, significantly weakening the previously solid economy, which Trump was counting on to win re-election in November. The trade agreement signed in January includes $77.7 billion in additional purchases from the manufacturing sector, $52.4 billion from the energy sector and $32 billion in agricultural products. The US currently runs a trade deficit with China, and the objective is to realign the trade balance between the two countries. jul/Dt/cs/hs
schema:headline	US warns of 'consequences' if China abandons trade deal
schema:mentions	United States Secretary of the Treasury Fox Business Network Steven Mnuchin Trade war World energy consumption Balance of trade Warini George Washington Wuhan Pandemic Virus United States China Coronavirus President of the United States Donald Trump
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)

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