U.S., China Said Near Trade Deal

The transcript discusses ongoing US-China tariff negotiations, focusing on the potential removal of tariffs on $200 billion worth of Chinese goods. The US is considering a phased removal, while China seeks immediate relief. The discussions have positively impacted markets, with China also considering lowering tariffs on US imports. The National People's Congress in China is expected to address economic pressures, with potential policy changes in GDP targets and foreign investment laws. These changes aim to protect intellectual property and address US concerns.

What is the primary focus of the Chinese in the US-China trade negotiations?

• Reducing tariffs on European goods

• Increasing tariffs on US goods

• Removing tariffs on $200 billion worth of Chinese goods

• Establishing new trade agreements

How does the US propose to remove tariffs on Chinese goods?

• Remove tariffs only on agricultural products

• Immediately lift all tariffs

• Increase tariffs before removing them

• Phase out tariffs as China implements agreements

What would be a significant outcome for China if the trade deal is finalized?

• A new trade agreement with Europe

• A reduction in GDP growth

• Return to the status quo

• Increased tariffs on US goods

What is one of the key policy areas expected to be addressed at the National People's Congress?

• Increased tariffs on US goods

• Expansion of the Belt and Road Initiative

• GDP target adjustments

• New military alliances

What is the purpose of the foreign investment law discussed at the National People's Congress?

• To protect intellectual property and ban forced tech transfer

• To establish new trade routes

• To increase tariffs on foreign goods

• To reduce foreign investment in China