U.S.-China Contest Is Really About Global Leadership, Says APCO Worldwide’s Michelson

The video discusses the impact of potential tariff changes on markets and the political implications for the US, particularly in the context of the 2020 elections. It explores US-China trade relations, emphasizing issues like technology transfer and global leadership. The video also highlights bipartisan views on trade and job loss, and how businesses are adapting their strategies amid trade tensions. Finally, it examines the focus of negotiations and the growing influence of corporate interests in trade discussions.

What is the main reason for the uncertainty in predicting the impact of tariffs?

• Immediate impact of tariffs

• Clear agreements

• Flexible deadlines

• Lack of negotiation

How might President Trump's trade deal with China affect his political standing?

• It will be praised by all parties

• It could be criticized by Democratic candidates

• It will have no impact

• It will guarantee his re-election

What historical factor has influenced the US's bipartisan stance on trade with China?

• Improved diplomatic relations

• Increased agricultural exports

• Long-standing job losses in manufacturing

• Recent technological advancements

What strategy have businesses adopted in response to trade tensions?

• Shifting supply chains

• Increasing domestic production

• Reducing workforce

• Expanding into new markets

How have state-owned enterprises affected international trade dynamics?

• By pulling away from China

• By aligning with international pricing

• By competing with international firms

• By reducing competition