Economics
Mnuchin Says U.S. Open to Facing Penalties in China Trade Deal
- A sign the two countries are edging closer to an accord
- Says enforcement mechanisms could work ‘in both directions’
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The U.S. is open to facing “repercussions” if it doesn’t live up to its commitments in a potential trade deal with China, Treasury Secretary Steven Mnuchin said, in a sign that the two sides are edging closer to an accord.