U.S. Chamber of Commerce 'Delighted' With Phase One Deal

The transcript discusses the phase one trade deal between the US and China, highlighting its importance in stabilizing the relationship. It addresses compliance and enforceability, the impact on the WTO, and the ongoing challenges posed by tariffs. The discussion also touches on the differences between managed and free trade, and the criteria for success in trade negotiations, focusing on technology transfer and intellectual property issues.

What is the primary focus of the phase one trade deal according to the speaker?

• Focusing solely on technology transfer

• Addressing all state subsidies

• Eliminating all tariffs immediately

• Establishing a foundation for future negotiations

What is the speaker's view on the enforceability of the trade deal?

• The United States will not adhere to its commitments

• China is unable to comply with the terms

• There is optimism about compliance from both sides

• Both sides lack the tools for enforcement

How does the speaker describe the current state of the WTO?

• As more relevant than ever

• As having a bright future

• As facing challenges in relevance and mandate

• As completely irrelevant

What is a significant challenge in the trade relationship with China mentioned by the speaker?

• The complete absence of tariffs

• The operation of state-owned enterprises not strictly according to the market

• The lack of state-owned enterprises

• The overwhelming presence of free trade

What impact do tariffs have on US businesses and consumers according to the speaker?

• They benefit US businesses

• They cause financial strain

• They have no impact

• They are irrelevant to consumers

What is a key focus for the US Chamber of Commerce in trade negotiations?

• Addressing technology transfer and intellectual property

• Increasing tariffs

• Reducing the trade deficit

• Eliminating all trade agreements

What does the speaker identify as a critical first step in the trade relationship?

• Ignoring intellectual property issues

• Focusing solely on market access

• Stopping the spiraling out of control

• Eliminating all tariffs