Ross Says U.S., China Making 'Good Progress' in Trade Talks

The transcript discusses the status of the Phase One trade deal between the US and China, highlighting the complexities and potential obstacles in finalizing the agreement. It also addresses the Huawei ban, explaining the licensing process for US companies and the potential easing of restrictions. Additionally, the transcript touches on the impact of the US's absence in Asian trade agreements, particularly the RCEP, and its implications for economic dependencies.

What is the main reason for the delay in signing the US-China trade deal?

• Lack of agreement on terms

• Economic downturn

• Weather conditions

• Political disagreements

What is the primary concern for American companies regarding the Huawei ban?

• Confusion over business permissions

• Security threats

• Increased tariffs

• Lack of market access

How many requests for licenses have been filed by American companies to deal with Huawei?

• 100

• 260

• 1000

• 500

What is the US perspective on the RCEP trade pact?

• It is a significant free trade agreement

• It is similar to TPP

• It is a threat to US economic interests

• It is a low-grade treaty

Which countries are mentioned as having separate trade arrangements with the US?

• Vietnam and Thailand

• Australia and New Zealand

• Japan and South Korea

• China and India