US-China trade agreement would require three phases, says adviser Navarro


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US-China trade agreement would require three phases, says adviser Navarro

Late on Friday, the 1st of November 2019, brightening up hopes of a plausible Sino-US trade deal in a near- to medium-term outlook, the White House Trade Adviser Peter Navarro said that the negotiators of United States alongside China were well on-course to accomplish a first part of the trade agreement, dubbed as “Phase One” trade accord by the US President Donald Trump, adding that two additional phases would require to address all of the world’s second-largest economy’s “structural deadly sins” including forced intellectual property transfer, multiple breaches of independence of US firms operating in China and a many more.

Aside from that, in an interview with the Fox Business Network on Friday (November 1st), Navarro had been quoted saying that the cornerstone of the trade accord would maintain an enforcement mechanism which would eventually let the United States incline higher tariffs on Chinese exports without any frets of retaliatory measures by Beijing.

Meanwhile, citing China’s monetary & foreign investment policy a basket of baleful and contemptuous sins, Navarro said in his Friday (November 1st) interview with the Fox Business Network, “We’re going to need three phases of the deal to deal with all the seven ... structural deadly sins of China. ”