The U.S. and China have agreed on an enforcement mechanism for a potential trade deal, Treasury Secretary Steven Mnuchin said, one of the last remaining hurdles toward reaching a pact
WASHINGTON—The U.S. and China have agreed on an enforcement mechanism for their potential trade deal, Treasury Secretary Steven Mnuchin said, suggesting one of the key stumbling blocks toward an accord had been cleared.
“We’ve pretty much agreed on an enforcement mechanism,” Mr. Mnuchin said Wednesday in an interview with CNBC. “We’ve agreed that both sides will establish enforcement offices that will deal with the ongoing matters. This is something both sides are taking very seriously.”
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