U.S.-China Deal Seems to Be Coming Very Close, WilmerHale's Ross Says

The transcript discusses the potential US-China trade deal, emphasizing the importance of enforceability and the challenges in ensuring China honors its commitments. It highlights China's economic slowdown and the resistance to foreign investment. The discussion also covers regulatory issues faced by American companies in China, including unclear procedures and the new foreign investment law aimed at creating a level playing field.

What is a key factor in ensuring the success of the US-China trade deal?

• The number of issues resolved

• The speed of negotiations

• The involvement of other countries

• The enforceability of the agreement

What is one potential penalty if China fails to meet its trade commitments?

• Resumption of tariffs

• Reduction in trade volume

• Increased foreign aid

• Diplomatic isolation

Why might China be more inclined to honor its trade commitments this time?

• Because of economic pressures and the need for growth

• Due to increased foreign investment

• As a result of new leadership

• Because of reduced global competition

What economic challenge is China facing that might influence its trade negotiations?

• Rapid inflation

• Slowing economic growth

• High unemployment

• Decreasing exports

What is the most common complaint from American companies about doing business in China?

• High taxes

• Unclear and discriminatory procedures

• Poor infrastructure

• Lack of skilled labor

What does the new foreign investment law in China aim to provide?

• Increased tariffs

• More government control

• Higher taxes for foreign companies

• Competitive neutrality

What is a significant change in the new foreign investment law in China?

• Narrowing the negative list for foreign investment

• Elimination of all foreign partnerships

• Increase in government subsidies

• Introduction of new taxes