U.S.-China Said to Haggle Over Currency

The transcript discusses the ongoing US-China trade talks, focusing on currency stability and potential manipulation by China. It highlights the market's positive reaction to a possible currency pact, with institutions like Goldman Sachs adjusting their forecasts. Additionally, the transcript covers the controversy over Australian coal imports to China, with delays attributed to environmental inspections and potential political tensions related to Huawei.

What is the main concern of the US regarding China's currency in the trade talks?

• China may stop trading with the US altogether.

• China might increase its currency value to gain an advantage.

• China could devalue its currency to counteract tariffs.

• China might increase tariffs on US goods.

How did Goldman Sachs react to the potential currency agreement between the US and China?

• They raised their forecasts for the yuan.

• They advised against investing in the yuan.

• They predicted a decrease in the yuan's value.

• They suggested the yuan would remain unchanged.

What is the potential impact on emerging markets if the yuan remains stable?

• It could cause a decline in trade activities.

• It might result in increased market volatility.

• It is expected to be a positive development.

• It could lead to a decrease in market confidence.

What is one reason suggested for the delay in Australian coal imports to China?

• China's increased inspections for environmental concerns.

• Australia's refusal to export coal to China.

• A new trade agreement between China and another country.

• China's decision to stop using coal altogether.

What political action by Australia might have influenced China's coal import decisions?

• Australia's ban on Chinese electronics.

• Australia's new trade deal with the US.

• Australia's ban on Huawei telecom equipment.

• Australia's increase in coal prices.