Trade Deal Won’t Get Wrapped Up in Just a Few Months, Says Hinrich Foundations’s Olsen

The video discusses a meeting between the US Treasury Secretary and the PBOC, highlighting the lack of major breakthroughs but noting Mnuchin's strong defense of US trade actions. The current US-China trade impasse is analyzed, with both sides entrenched in blame. The potential for a superficial deal is considered, given the fundamental differences in economic systems.

What was the primary purpose of the meeting between the US Treasury Secretary and the PBOC?

• To negotiate a new trade deal

• To discuss military cooperation

• To have a constructive and candid discussion

• To announce a major breakthrough

How did Mnuchin's stance during the meeting differ from his usual position?

• He avoided discussing trade altogether

• He focused on environmental issues

• He was more forceful in defending US trade actions

• He was more conciliatory towards China

What is the current state of the US-China trade negotiations?

• Both sides are at an impasse

• China has conceded to US demands

• The US has withdrawn from negotiations

• They have reached a final agreement

What is the likely nature of any deal that might be reached in the coming months?

• A comprehensive resolution of all issues

• A complete withdrawal from trade talks

• A symbolic and superficial agreement

• A military alliance

What is the fundamental challenge in the US-China trade relationship?

• Language barriers

• Geographical distance

• Different economic systems struggling to coexist

• Cultural differences