CFR's Haass Says U.S.-China Trade Deal Won't Make That Much of a Difference

The transcript discusses the US-China trade negotiations, focusing on the potential outcomes of a phase one deal and its limited impact. It highlights the political implications, including sarcasm in discussions, and explores zero-sum economics and the pursuit of trade peace. The limitations of trade negotiations and the need for unilateral actions are addressed, along with the importance of re-entering the TPP for multilateral pressure on China. The impact of technology on jobs and the necessity for job retraining and education are also emphasized.

What is the expected outcome of the phase one trade deal between the U.S. and China?

• It will have a limited impact on the broader trading relationship.

• It will not affect U.S. farmers at all.

• It will worsen the trade relationship.

• It will completely resolve all trade issues.

What is a key goal for American and Chinese officials in trade negotiations?

• To focus solely on U.S. interests.

• To avoid a zero-sum outcome and ensure mutual benefits.

• To achieve a zero-sum economic outcome.

• To prioritize Chinese economic growth.

What is a limitation of trade negotiations according to the discussion?

• They cannot address all broader issues unilaterally.

• They are the only solution to economic challenges.

• They can resolve all bilateral issues.

• They are unnecessary for economic growth.

What is a major challenge in re-entering the TPP?

• Overwhelming support from both parties.

• Insufficient economic benefits.

• Strong opposition to free trade within U.S. political parties.

• Lack of interest from other countries.

Why is job retraining and education important in the context of new technologies?

• To maintain the status quo in the job market.

• To reduce the need for technological advancements.

• To prepare Americans for new job opportunities.

• To eliminate the need for trade negotiations.