The US is willing to face “repercussions” from China if it fails to comply with the terms of a likely deal to end the trade war between the world’s two largest economies, Steven Mnuchin, the US treasury secretary said, suggesting the US will meet Beijing’s demand for a “two-way” system to enforce the agreement.
Speaking on Saturday in Washington, Mr Mnuchin said that both the US and China would be making “certain commitments” in the deal that would have to be respected and enforced on both sides of the Pacific Ocean.
“I would expect that the enforcement mechanism works in both directions, that we expect to honour our commitments, and if we don’t, there should be certain repercussions, and the same way in the other direction,” Mr Mnuchin said.