VIDEO-Treasury Secretary Mnuchin Discusses U.S-China “Phase-One” Trade Reforms – Compliance Standards… | The Last Refuge

U.S. Treasury Secretary Steven Mnuchin appears on FOX Business to discuss the U.S-China ‘phase-one’ trade agreement, the benefits, enforcement mechanisms and retention of tariffs and particular sanctions until compliance can be reviewed.

Phase-1 establishes the baselines; resets the ability of U.S. companies to enter China; establishes rules for market entry; and sets the parameters for enforcement. Any future phase is contingent upon evaluation of phase-one enforcement mechanisms.