Baucus Says China and U.S. Aren't Any Closer to Deal, Trade War Will Last Months

The transcript discusses the ongoing US-China trade relations, highlighting that there has been little progress towards a resolution. China appears to be adopting a strategy of endurance, seeking alternative markets for its exports. The situation is becoming increasingly political, with potential deals possibly being timed around the US election. There is significant uncertainty, exacerbated by President Trump's directives to American companies. The outlook suggests that the situation may persist for several more months without immediate resolution.

What factors contribute to the uncertainty in the negotiations between the U.S. and China?

What is the speaker's prediction regarding the duration of the current situation with China?