INSUBCONTINENT EXCLUSIVE:
diplomacy between Washington and Beijing to resolve their nine-month trade war has dragged on longer than officials had expected
Both sides have continued to express cautious optimism without predicting success."It is more important to get it right than have arbitrary
date," Mnuchin told reporters
But "I'm hopeful we're getting close to the final round of concluding issues."He spoke on the sidelines of the spring meetings of the World
Bank and International Monetary Fund, which end this weekend.A sticking point in the talks has been American officials' insistence that any
final agreement have teeth -- and that they retain the ability to impose fresh tariffs should Beijing backslide on its commitments.Mnuchin
declined to get into details on Saturday."There are certain commitments the United States is making in this agreement and there are certain
commitments that China is making," he said."And I would expect that the enforcement mechanism works in both directions.""This is a very,
very detailed agreement, covering issues that have never been dealt with before," Mnuchin added, noting that the text currently had seven
chapters."So this is way beyond anything that would have looked like a bilateral investment treaty."Trump said last week a conclusion in the
talks was probably "four weeks" away but since discussions began earlier this year to end the nine-month trade war, the finish line has
repeatedly slipped further into the future.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is
published from a syndicated feed.)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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