China Underestimated Trump, Former Australian Ambassador Raby Says

The transcript discusses China's underestimation of Trump's hardline approach and its impact on US-China relations. It explores the challenges faced by foreign businesses in China amidst trade uncertainties and China's potential response to improve the business environment. The discussion also covers US trade agreements, including the USMCA, and their implications for global trade dynamics. The US's economic influence and Trump's willingness to negotiate trade deals are highlighted, with a focus on the strategic pressure on China.

What is the main reason for the internal reflection happening in Beijing regarding its relationship with the US?

• NAFTA renegotiations

• Trade agreements with Japan

• Trump's underestimated policies

• China's economic growth

How might China respond to the trade uncertainty and economic challenges it faces?

• By increasing tariffs on US goods

• By making it easier for foreign businesses to operate

• By focusing solely on domestic markets

• By reducing its economic growth

What is the significance of the USMCA according to the discussion?

• It is primarily a PR success for Trump

• It introduces major changes from NAFTA

• It focuses on trade with South Korea

• It reduces tariffs on European goods

What is the potential impact of Trump's trade deals with Japan and the EU?

• They will only benefit the US economy

• They will lead to a new NAFTA

• They will have no effect on China

• They are intended to pressure China

What achievement in the USMCA is highlighted as a success for the US?

• Elimination of all tariffs with the EU

• Increased trade with South Korea

• Reduction of tariffs on Japanese cars

• Progress against Canada's dairy subsidies