Former Ambassador Baucus Says U.S., China Need a Trade Deal

The transcript discusses the complexities of the US-China trade negotiations, highlighting the challenges both countries face in reaching an agreement. It covers the potential impact of increased tariffs on the economy and political support for such measures. The discussion also touches on the broader implications of the trade deal, including future challenges related to national security and technology companies like Huawei and ZTE.

What is a key factor in successfully negotiating with China according to the speaker?

• Flexibility

• Aggressiveness

• Patience

• Quick decision-making

What is the speaker's prediction regarding the tariffs scheduled to increase on Friday?

• They will be canceled

• They will be postponed

• They will definitely increase

• They will be reduced

How might increased tariffs affect US consumers?

• Higher prices

• Lower prices

• No change in prices

• Improved product quality

What is a challenge mentioned in enforcing a trade deal with China?

• National security issues

• Lack of communication

• Cultural differences

• Technological barriers

What strategy might China use in response to US tariffs?

• Seek international arbitration

• Retaliate in various ways

• Increase imports from the US

• Ignore the tariffs

What is a potential consequence for the President if a trade deal is not reached before the 2020 election?

• Increased popularity

• Economic growth

• Political risk

• Stronger trade relations

What is one reason the US economy is currently strong, according to the speaker?

• Increased exports

• Tax cuts

• Reduced tariffs

• Higher interest rates