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The transcript discusses the ongoing trade tensions between the US and China, focusing on the impact of tariffs and the lack of progress on key issues like intellectual property and cybersecurity. It highlights the market's fluctuating sentiment and the potential economic consequences, such as reduced business confidence and hiring. The discussion also touches on the desensitization to political statements and the need for substantive resolutions.

What has been the main focus of the trade tensions between the US and China?

• Environmental policies

• Tourism and travel restrictions

• Intellectual property and cyber issues

• Military agreements

What is a potential consequence of prolonged trade uncertainty on businesses?

• Increased investment in new markets

• Reduced pace of hiring

• Higher employee wages

• Expansion of supply chains

What is the likelihood of a weak trade deal being accepted by either side?

• Guaranteed

• Moderate

• Very high

• Low

How have markets reacted to the ongoing trade tensions?

• They have become more sensitive to political statements

• They have ignored all political developments

• They have increased investments in China

• They have become desensitized to political statements

What is the expected impact of new tariffs going into effect?

• Adjustment by businesses to the new normal

• Increased business confidence

• Immediate resolution of trade issues

• Complete removal of existing tariffs