Mnuchin Says China and U.S. Planning for Trade Talks

The video discusses the need for a verifiable and enforceable trade agreement between the US and China, highlighting the timeline for face-to-face meetings. It covers the skepticism within the US administration regarding China's commitments and emphasizes the importance of enforceable measures. The main goal is to reduce the trade deficit with China, acknowledging that structural reforms will take time. The US seeks equal access for its firms in China, similar to what Chinese companies have in the US.

What is the main goal of the US in the upcoming trade talks with China?

• To establish a verifiable and enforceable agreement

• To reduce the number of Chinese imports

• To eliminate all trade barriers

• To increase tariffs on Chinese goods

What is the concern of some White House skeptics regarding China's commitments?

• China's ability to meet deadlines

• China's past record on economic reforms

• China's trade deficit with the US

• China's willingness to negotiate

What does the US want to ensure in any agreement with China?

• It is based on verbal commitments

• It focuses solely on technology trade

• It includes enforceable measures

• It is flexible and open-ended

What is one of the big goals of the US in its trade talks with China?

• To increase the trade deficit

• To reduce the trade deficit

• To ignore the trade deficit

• To maintain the current trade deficit

What does the US seek in terms of market access in China?

• Exclusive access for US firms

• Limited access for US firms

• No access for US firms

• The same access as Chinese companies have in the US