What We're Doing With China Is Necessary, Says Author Gordon Chang

The transcript discusses the escalating trade dispute between the US and China, focusing on the $34 billion in tariffs set to take effect. It highlights the US's use of the Trade Act of 1974 to address China's intellectual property theft and the economic implications of these tariffs. The discussion also covers the US trade deficit, the political will of President Trump, and China's retaliatory measures targeting US exports like soybeans. The transcript concludes with the political challenges faced by both countries in navigating this trade conflict.

What is the primary reason for the US imposing tariffs on China according to the Trade Act of 1974?

• To strengthen diplomatic relations with China

• To increase US exports to China

• To address China's theft of US intellectual property

• To reduce the US trade deficit

How does the US trade deficit with China position it in the trade war?

• It makes the US dependent on China

• It has no impact on the trade war

• It weakens the US position

• It strengthens the US position

What percentage of China's merchandise surplus is related to sales to the US?

• 100%

• 88.8%

• 75%

• 50%

What strategy has China employed in response to US tariffs?

• Targeting US imports like soybeans

• Strengthening its currency

• Reducing its own tariffs

• Increasing exports to the US

What is a potential political challenge for President Trump as the trade conflict continues?

• Reducing the US trade deficit

• Strengthening diplomatic ties with China

• Losing support from Trump states

• Increasing US exports to China