"China can change its laws in ways that please the United States, but then use regulatory tools to thwart implementation. "The enforcement mechanism is crucial to the agreement," Doug Barry, spokesman for the US-China Business Council, told AFP. "Without a credible, time specific, verifiable means to hold parties accountable, we will miss an opportunity to put the trade relationship on a new and better footing. If we don't do that, then none of it makes any difference. "But, according to Alden, that could create "ongoing uncertainty" for businesses unaware of when either side could seek to impose unilateral tariffs.

Source: Economic Times May 05, 2019 01:52 UTC