'There Has to Be a China Trade Deal' Soon, Says Fmr. U.S. Ambassador Baucus

The video discusses the potential impact of US tariffs on Chinese goods, with insights from Tao Wong and Ambassador Max Baucus. It covers the dynamics of US-China trade negotiations, the implications of the USMCA agreement, and the political landscape leading up to the 2020 US election. The discussion highlights the complexities of international trade agreements and the political strategies of Democratic candidates.

What is the potential impact of a 25% tariff on all Chinese goods according to Tao Wong?

• It could boost the Chinese economy by 1%.

• It might lead to a decrease in growth below 6%.

• It will have no significant impact.

• It will increase China's GDP by 2%.

According to Ambassador Max Baucus, why might China endure economic pain more easily than the US?

• China has a strong nationalistic trend.

• China has more natural resources.

• China has a higher GDP per capita.

• China has a larger economy.

What is the potential outcome of the US-China trade negotiations according to Ambassador Baucus?

• A shift in trade focus to Europe.

• A deal is likely to be reached soon.

• A complete breakdown of talks.

• An increase in tariffs on both sides.

What is a key issue in the US-China trade negotiations as mentioned by Ambassador Baucus?

• The type of goods being traded.

• The language used in negotiations.

• The number of trade delegates.

• The distinction between statutes and regulations.

What is the main challenge in getting the USMCA ratified according to the discussion?

• Opposition from Mexico.

• Concerns over labor and environmental issues.

• Lack of support from Canada.

• Disagreement on agricultural policies.

What is a significant factor in the 2020 presidential election debate?

• The age of the candidates.

• The candidates' economic policies.

• The candidates' educational background.

• The candidates' stance on foreign policy.

What does Ambassador Baucus suggest about the Democratic Party's strategy for the 2020 elections?

• They should prioritize foreign policy.

• They should avoid discussing trade issues.

• They should focus on extreme progressive policies.

• They should aim for centrist policies.