Friday, April 26, 2019
Home World The US Treasury announced its readiness for the consequences of a trade...

The US Treasury announced its readiness for the consequences of a trade deal with China :: Politics :: RBC

Politics ,


The US Treasury announced its readiness for the consequences of a trade deal with China

The United States and China are approaching the “final round” of negotiations that should end the trade war. According to Finance Minister Stephen Mnuchin, the United States is ready to face the consequences of non-compliance with the agreements reached.

US Treasury Secretary Stephen Mnuchin

(Photo: Patrick Semansky / AP)

The United States is ready to face "consequences" if they do not fulfill their obligations under a potential trade agreement with China. This was stated by US Treasury Secretary Stephen Mnuchin, reports Bloomberg. According to him, both China and the United States undertake certain obligations under the proposed agreement, but did not specify what exactly this is about.

“I expect that the enforcement mechanism will work in both directions, so we expect our obligations to be fulfilled. And if not, then there should be certain consequences, exactly the same as for the other side. [Китая]"- said Mnuchin.

China and the United States have made progress in negotiations to end the trade war, which has "marred" the growth of the world economy and financial markets. According to Mnuchin, Washington and Beijing will create "law enforcement agencies" to monitor compliance with the agreements reached.

The media reported on the postponement of the summit of the United States and China on a trade deal for June


“We hope that we are approaching the final round to resolve issues,” said Mnuchin. China and the US are now discussing whether more meetings should be held after the recent talks in Beijing and Washington, the head of the US Treasury added.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Why do airlines make flights last longer on purpose?

April 26, 2019 08:15 AM In the 1960s, it took five hours to fly from New York to Los Angeles and only...

Celebrating Florida poet with a little haiku action

April is the National Poetry Month, which is quite significant for Florida. We already had some rhymin simons using Florida as either a muse...

Shell defends LGBT rights in Brunei?

The Eumedion association, which has several shareholders of the Anglo-Dutch oil company Shell in its ranks, pushes the firm to use its influence in...

Zemmour, Villiers, Bellamy and Houellebecq, the wild animals at Cirque d'hiver

While Emmanuel Macron was measuring up at the Elysée, the "cathos-droitards" had a very bad time in...