President Trump Aims to Cut Trade Deficit With China

The transcript discusses the changing dynamics of global trade, focusing on the US's stance and China's strategic moves. It highlights the expectations from President Trump's Asia trip, including potential deliverables and the challenges in US-China trade relations. The discussion also covers the risks of imposing tariffs and the implications of trade deficits. The future of the Trans-Pacific Partnership (TPP) without US involvement is also explored.

What strategic advantage might China gain due to changes in global trade dynamics?

• Increased agricultural exports

• Control over the South China Sea

• Ability to write regional trade rules

• Access to US markets

What are 'tweetable deliverables' in the context of President Trump's Asia trip?

• Long-term trade agreements

• Quick wins for media attention

• Military alliances

• Environmental policies

What is a major risk associated with imposing tariffs on Chinese exports?

• Encouraging a trade war

• Reducing global trade

• Increasing US exports

• Strengthening US-China relations

How might focusing on bilateral trade deficits be counterproductive?

• It ignores structural issues

• It increases domestic savings

• It boosts international cooperation

• It enhances technological innovation

What is the relationship between trade deficits and savings and investment rates?

• Trade deficits are only affected by consumer behavior

• Trade deficits are solely determined by government policies

• Trade deficits are primarily influenced by savings and investment rates

• Trade deficits are unrelated to savings

What percentage of Japanese cars sold in the US are made domestically?

• 50%

• 60%

• 70%

• 80%

What is the likelihood of TPP proceeding without the United States?

• Impossible

• Very unlikely

• Somewhat likely

• Highly likely