As US and China Near Trade Deal, Enforcement Is Key

Craig Allen, the president of the US-China Business Council, suggested that Mr. Mnuchin might have been getting ahead of himself on the enforcement agreement if such a deal includes China agreeing not to retaliate against future tariffs. “I remain very cautious on this,” Mr. Allen said. “Will the Chinese really renounce the ability to retaliate at what they feel is an unfair trade action? I think it defies Chinese tradition.”