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14.10.2019, 12:25

U.S. Treasury Secretary Mnuchin expects a round of tariffs scheduled for mid-December will take effect if no deal is in place - CNBC

  • Progress made last week. Phase 1 deal is substantial
  • China will step up agricultural purchases
  • There needs to be a dispute resolution enforcement provisions
  • Has "every expectations" that if US China trade deal is not in place Decembe- 15 tariffs will be imposed, but expects a deal
  • Dispute resolution mechanism is important
  • There is a fundamental agreement in principle; there are still some issues that need to be worked out 
  • But we have every expectations that phase-1 will close
  • The deputy level calls this week; Lighthized and Mnuchin to make a call to vice premier next week
  • NBA must work out China deal on its own


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