He made a corresponding statement on the Fox Business Channel.
“If they do not fulfill their obligations, then such a step will have very serious consequences for bilateral relations and for the global economy,” TASS quoted him as saying.
As he specified, in his opinion, the point is that "people in the world will cease to do business" with the PRC.
Thus, the American minister answered the question of whether he admits the possibility of non-compliance with the terms of the trade agreement by the PRC due to force majeure due to coronavirus.
In January, U.S. President Donald Trump and Vice Premier of the State Council of China Liu He signed an agreement on the first phase of a trade deal between the two countries.
Pavel Gribov, associate professor at the Department of Economic Security at RANEPA, in an interview with the FBA “Economics Today” assessed the consequences of the situation with coronavirus for the global economy.