Today.Az » World news » US-China trade accord will require three phases: White House adviser
02 November 2019 [13:06] - Today.Az
By Trend
The United States and China are on a good path to complete the first
part of a trade agreement, but two additional phases will be needed to
address all of China’s “structural deadly sins,” White House trade
adviser Peter Navarro said on Friday, Trend reports citing Reuters.
Navarro told Fox Business Network the linchpin of the agreement was
an enforcement mechanism that would allow the United States to impose
tariffs for any violations of the agreement, without fear of retaliation
by Beijing.
“We’re going to need three phases of the deal to deal with all the seven ... structural deadly sins of China,” he said.
U.S. and Chinese officials on Friday said they had made good progress
toward finalizing a “phase one” trade agreement after nearly 16 months
of tariffs that have slowed global growth.
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