US Treasury Secretary Steven Mnuchin told CNBC that the “first step” regarding trade deal with China is “really focusing on enforcement”. There will be additional tariff rollbacks in Phase 2. “This gives China a big incentive to get back to the table and agree to the additional issues that are still unresolved”.
On the details, he added, “China has agreed to put together very significant laws to change rules and regulations and have made very strong commitments to our companies that there will not be forced technology going forward.”
President Donald Trump and Chinese Vice Premier Liu He scheduled to sign the trade deal at a ceremony at the White House today, at 11:300am EST.
