China, U.S. Struggle to Set Meeting for Trade Talks

The transcript discusses the ongoing US-China trade talks, highlighting the initial hopes for agreements and the subsequent stalemate due to unmet demands from both sides. The US wanted China to agree to negotiation parameters, while China sought a commitment to halt tariffs. With no date set for further talks, both countries face internal pressures. China is preparing for a prolonged trade conflict, with potential new US tariffs in October and December. In response, China has shifted its strategy, focusing on long-term economic stability and filing complaints with the WTO.

What was the main reason for the lack of a scheduled date for further US-China trade talks?

• Both sides agreed on all terms.

• The US imposed new tariffs.

• Both sides failed to meet initial agreements.

• China withdrew from the talks.

What did the US business lobby express over the weekend regarding the tariffs?

• Indifference to the tariffs.

• Approval of the trade strategy.

• Support for the tariffs.

• Concerns about the impact on US households.

What strategic decision did China make in May regarding the trade talks?

• To reduce tariffs on US goods.

• To seek a quick resolution.

• To increase exports to the US.

• To prepare for a long-term conflict.

How is China responding to the US tariffs according to the third section?

• By ignoring them.

• By filing a complaint with the WTO.

• By increasing tariffs on European goods.

• By reducing its own tariffs.

What measures is China implementing to stabilize its economy?

• Decreasing exports to the US.

• Implementing a package of support measures for consumers.

• Reducing consumer support.

• Increasing tariffs on US goods.