Max Baucus Doesn't See a Deal With Mexico Without Canada

The transcript discusses the complexities of international trade relations involving the US, Mexico, Canada, and China. It highlights the challenges in reaching trade agreements, particularly with the US's preference for bilateral over multilateral deals. The discussion also touches on the potential impact of auto tariffs and the strategic patience of China in trade negotiations. The need for groundwork in diplomatic summits is emphasized, especially in the context of US-China relations.

What is a key requirement for any trade agreement between the US and Mexico according to the transcript?

• Approval by the United Nations

• Approval by the US Congress

• Approval by the World Trade Organization

• Approval by the European Union

Why is China likely to wait for the US midterms before making trade decisions?

• They are focusing on trade with Europe

• They are waiting for a new trade agreement with Canada

• They are unsure of President Trump's changing policies

• They are waiting for a new US President

What is President Trump's preference in trade agreements?

• No agreements

• Multilateral agreements

• Bilateral agreements

• Regional agreements

What was a consequence of the US withdrawing from the TPP?

• Increased engagement in Asia

• Decreased engagement in Asia

• Stronger trade ties with Europe

• Improved relations with China

What is the likelihood of President Trump imposing a 25% tariff on autos according to the transcript?

• Already imposed

• Somewhat likely

• Very likely

• Unlikely

What is a major concern in US-China trade negotiations?

• Tourism

• Technology transfer and IP theft

• Military cooperation

• Agricultural exports

What is necessary for a successful summit between President Trump and President Xi?

• Immediate agreements

• Public tweets

• Media coverage

• Extensive groundwork and private negotiations