Extent of China Text Changes a Reason for Concern on Trade Deal: Lehr

The video discusses the complexities and challenges in U.S.-China trade negotiations, highlighting recurring crises before finalizing agreements. It examines negotiation tactics, vested interests, and the importance of market access for U.S. companies. The video also explores the significance of the trade deal, potential outcomes, and the distinction between law and regulation in trade agreements.

What is a common occurrence in major trade agreements with China?

• Smooth negotiations without any issues

• A crisis right before the end

• Immediate agreement on all terms

• No changes to the negotiation text

What is a key challenge for the Chinese Vice Premier in the negotiations?

• Reducing the length of the negotiation text

• Avoiding any form of crisis

• Increasing the number of state-owned enterprises

• Gaining confidence from the U.S. counterparts

Why is the trade deal considered too important to fail?

• It is only important for the U.S.

• It has no impact on market access

• It is crucial for both sides and affects market psychology

• It is only important for China

What is a major difference between U.S. and Chinese laws?

• U.S. laws are not implemented at different levels

• Chinese laws are general and open to interpretation

• Chinese laws are more specific and detailed

• U.S. laws are more general and vague

What is the psychological impact of the trade deal on markets?

• Negative impact if the deal is uncertain

• Positive impact regardless of the outcome

• No impact at all

• Markets are unaffected by trade deals