U.S.-China Business Council Sees Lack of Trust Between The Two Countries

The transcript discusses the ongoing US-China trade negotiations, highlighting progress in market access and purchases but limited advancement on structural issues. It emphasizes the importance of addressing enforcement challenges and the lack of trust between the two countries. The discussion also covers the impact on US businesses, the strategic competition over China's tech ambitions, and the need for intellectual property reforms. The potential for a preliminary agreement by March 1 is mentioned, with hopes for structural improvements in China's market.

What is the main focus of the upcoming meeting between President Trump and Vice Premier Liuhe?

• Planning a cultural exchange

• Wrapping up trade negotiations

• Addressing military concerns

• Discussing environmental policies

Why might some US businesses be less satisfied with a symbolic agreement?

• They prefer higher tariffs

• They are not affected by Chinese regulations

• They require structural issues to be addressed

• They are focused on cultural exchanges

What is a significant challenge in enforcing trade agreements outside the WTO framework?

• Absence of a codified enforcement mechanism

• Lack of international support

• Overabundance of resources

• Excessive trust between countries

What is a major obstacle in resolving the technology issues between the US and China?

• Over-reliance on cultural exchanges

• Deeply embedded problems within the relationship

• Lack of interest from both parties

• Excessive focus on agriculture

What is the expected outcome if a preliminary agreement is reached by March 1?

• Increase in tariffs

• Lifting of tariffs and Chinese reciprocation

• Introduction of new sanctions

• Expansion of cultural programs

How has China's intellectual property rights regime changed in recent years?

• It has improved greatly

• It has remained the same

• It has become irrelevant

• It has deteriorated significantly

What is necessary for China to advance to the next level of economic development?

• Focus on agricultural exports

• Increase in military spending

• Reduction of cultural exchanges

• Strengthening of intellectual property rights