US-China trade deal fully enforceable, documents to be released Wednesday: Mnuchin
[WASHINGTON] The first phase of a US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, US Treasury Secretary Steven Mnuchin said on Tuesday.
Mr Mnuchin told Fox Business Network that documents about the trade deal would be released on Wednesday, when US President Donald Trump is due to sign the agreement with Chinese Vice-Premier Liu He at a ceremony at the White House.
China committed to purchase US$200 billion of additional US goods and services over the next two years under the agreement, he said, adding that US companies and farmers could reap further gains once structural reforms were tackled in a Phase 2 agreement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations