There's So Much `Open Water' Between U.S., China on Trade, LSE Says

The video discusses the impact of tariffs on the US and Chinese economies, leading to a temporary truce. It explores market valuations, risk premiums, and the role of the renminbi in trade strategy. The discussion highlights the economic implications of the truce and the changes in the US economy due to trade tariffs.

What was one of the main reasons for the truce between the US and China?

• To address the economic slowdown caused by tariffs

• To increase tariffs further

• To improve bilateral relations

• To stabilize growth expectations

How has the renminbi been used by China in recent years?

• As a tool to strengthen trade relations

• To weaken its trade-weighted value

• To increase its bilateral exchange rate with the US

• To stabilize its economy

What is the nature of the truce between the US and China according to the discussion?

• A permanent resolution to the trade war

• A complete economic partnership

• A temporary pause in hostilities

• An agreement to increase tariffs

What impact have the trade tariffs had on the US economy?

• Increased business confidence

• Significant structural changes

• Loss of momentum and business confidence

• Immediate economic growth

What is the best outcome for China regarding its currency strategy?

• Strengthening the bilateral exchange rate

• Achieving a weaker currency in a trade-weighted sense

• Ignoring the trade-weighted index

• Focusing solely on the US market