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An expected China trade deal lacks teeth

The Trump administration is nearing a trade deal with China that would roll back tariffs on both sides of the Pacific, Ana Swanson and Keith Bradsher of the NYT write.

What America could get:

• The deal would “require Beijing to make big purchases of American agricultural and energy goods and to lower some barriers that prevent American companies from operating in China.”

• The potential agreement “would expand markets for American financial services firms and farmers, in part by requiring that China buy large amounts of energy and farm goods, like liquid natural gas and soybeans.”

• “The Trump administration has also been pushing China to accept an enforcement mechanism that would enable the United States to quickly reinstate tariffs if Beijing fails to live up to specific promises.”