Hinrich Foundation's Olson Sees No Meaningful Agreement on Core Issues by Deadline

The video discusses ongoing trade negotiations, highlighting the complexity of reaching a meaningful agreement. It distinguishes between face-saving and substantial agreements, emphasizing that the latter is unlikely within the current deadline. The talks are seen as preliminary, with future discussions expected. Potential outcomes include increased US product purchases and tariff adjustments, but core issues may persist.

What does the extension of the trade talks primarily indicate?

• A reflection of the complexity and volume of work

• An indication of failure

• A resolution of all issues

• A sign of significant progress

What is the difference between a face-saving agreement and a meaningful agreement?

• A meaningful agreement is only about tariffs.

• A face-saving agreement is more difficult to achieve.

• A face-saving agreement is superficial, while a meaningful agreement addresses core issues.

• A face-saving agreement resolves all issues, while a meaningful agreement does not.

What is the likelihood of achieving a meaningful agreement within the 90-day deadline?

• Highly likely

• Unlikely

• Already achieved

• Not discussed

What might a face-saving agreement include?

• Complete removal of all tariffs

• Increased purchases of US products

• Resolution of all industrial policy issues

• No changes to current trade policies

What could be a consequence of a superficial face-saving agreement?

• Permanent resolution of trade issues

• Immediate economic growth

• Reemergence of core issues later

• Complete elimination of tariffs