From US-Sino talks to new trade wars, weakening global prospects

In addition to enforcement mechanisms, the two are pressing for a pact that would allow US tariffs on Chinese goods to snap back in case of violations - but without permitting China to retaliate in response. Understandably, Chinese negotiators consider such conditions unacceptable. Such conditionality has surprised even Craig Allen, President of US-China Business Council, who believes that Mnuchin may have been too optimistic about the deal, if it is burdened by a conditionality clause.