- U.S. Treasury Secretary Mnuchin expects a round of tariffs scheduled for mid-December will take effect if no deal is in place - CNBC
Market news
14 October 2019
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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