US and China agree to set up trade enforcement offices – Financial Times

After a short break, positive statements concerning the US-China trade talks have started rolling in. The Financial Times reports that the Tuesday evening (as per the US time) discussion between the two global leaders seemed to have cleared another hurdle on the way towards a successful trade deal.

The US and China have agreed to set up “enforcement offices” in their respective countries to monitor the implementation of a deal to end their trade war, Steven Mnuchin, the US Treasury secretary, has said, suggesting the clearing of another hurdle on the way to an accord. 

The news report further said that Mr Mnuchin and Robert Lighthizer, the US trade representative, are looking to close a deal with Mr Liu within the next month that can be signed by US President Donald Trump and his Chinese counterpart Xi Jinping, in an effort to reset the US-China economic relationship and lift a cloud of uncertainty hanging over the global economy. Another phone call is expected between US officials and Mr. Liu on Thursday morning, Mr. Mnuchin said.