Will China Declare Force Majeure If Virus Situation Worsens?

The video discusses the market's reaction to China's follow-through on the phase one trade deal with the US, highlighting relief despite the coronavirus crisis. It explores the concept of force majeure and potential trade flexibility due to the pandemic. The economic impact of the coronavirus is speculated upon, with comparisons to past outbreaks. The video also considers the possibility of the US being more lenient with China in trade commitments, especially in an election year, due to the global economic implications of the virus.

What was the market's reaction to China's follow-through on the trade deal commitments?

• Relief due to China's compliance

• Panic over economic instability

• Concern over increased tariffs

• Indifference to the trade deal

What is the concept of 'force majeure' in the context of the trade deal?

• A clause allowing for tariff increases

• A clause for unexpected events like natural disasters

• A requirement for immediate compliance

• A strategy for economic growth

How did China respond to the economic impact of the coronavirus?

• By increasing tariffs

• By cutting interest rates and providing liquidity

• By halting all trade activities

• By ignoring the economic impact

What might the US consider in terms of trade flexibility with China?

• Increasing tariffs on Chinese goods

• Halting all trade with China

• Reducing the size of China's purchase commitments

• Imposing stricter trade regulations

What factor might influence the US's decision on trade flexibility with China?

• The upcoming election year

• The strength of the US dollar

• The price of oil

• The number of US exports