The recent U.S.-China phase one deal could suffer 'collateral damage' if the coronavirus outbreak in China causes prolonged demand disruption, a report by Panjiva Research said.
Beijing may face difficulties in meeting targets outlined in its recent trade deal with Washington if the spread of the coronavirus in China causes prolonged demand disruption, according to a recent report by Panjiva Research.
Chinese Vice Premier Liu He shakes hands with US President Donald Trump during a signing ceremony for trade agreement between the US and China in the East Room of the White House in Washington, DC, January 15, 2020.could suffer "collateral damage" if the spread of coronavirus in China causes prolonged demand disruption, according to a recent report by Panjiva Research.
Those comments come as China battles to contain a virus outbreak that has infected at least 5,900 and killed more than 100 people in the country, sending jitters across markets globally as investors weigh its potential economic impact. "An analysis of Panjiva shipment data shows over 450 U.S. importers were supplied by companies located in Hubei province," the report said.
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