Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.
Speaking to CNBC's Phil LeBeau at the Paris Airshow Monday, Commerce Secretary Wilbur Ross said enforcement would be the most important element of any potential deal between the world's two largest economies.
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29, where Trump and Chinese President Xi Jinping are expected to be in attendance. Secretary of Commerce Wilbur Ross testifies during the House Oversight and Government Reform Committee hearing on the census on Thursday, Oct. 12, 2017.is ready to proceed with tariffs on the remaining $300 billion in Chinese goods in the absence of a trade deal, according to U.S. Commerce Secretary Wilbur Ross.
Speaking to CNBC's Phil LeBeau at the Paris Airshow Monday, Ross said enforcement would be the most important element of any potential deal between the world's two largest economies. "We will eventually make a deal, but if we don't, the president is perfectly happy with continuing the tariff movements that we've already announced, as well as imposing the new ones that he has temporarily suspended," Ross said.
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