Enforcement Uncertain for Phase One Deal
January 22, 2020 | BY
Vincent ChowA breakthrough in the trade war, but how long will it last?
The partial deal signed by China and the United States caps off two years of intense negotiations in "phase one" of the ongoing trade war. The agreement marks the first time since the trade conflict officially began in 2018 that either side has made official pledges on tariffs, agricultural purchases, technology transfers and more. However, doubts remain about how the deal will be enforced, as the agreement does not refer to a third-party to adjudicate potential disputes. Instead, the two countries will police the agreement themselves.
