Trade Between U.S. and China Getting Heated, Says Asia Society's Cutler

The transcript discusses the fluctuating market conditions and the implications of the US administration's tariff strategies. It highlights the potential economic fallout from increased tariffs, particularly on consumer products, and the political gamesmanship involved in US-China trade relations. The discussion also touches on the differences between US trade relations with the EU and China, and the potential impact on American consumers as tariffs increase.

What was the surprising development in the U.S. administration's trade policy?

• The decision to reduce tariffs

• The imposition of an extra $16 billion worth of tariffs

• The removal of all tariffs

• The negotiation of a new trade deal

How does the U.S. relationship with China differ from that with the EU?

• The U.S. has a stronger alliance with China

• The U.S. has reached a trade detente with China

• The U.S. relationship with China is more contentious

• The U.S. has no trade issues with the EU

What is one reason for proposing only a 10% tariff on certain products?

• To increase government revenue

• To limit the impact on consumers

• To encourage domestic production

• To strengthen international relations

What strategy might the U.S. president be using in his approach to China?

• Seeking a peaceful resolution

• Encouraging an overreaction from China

• Avoiding any confrontation

• Strengthening diplomatic ties

What is a potential domestic political benefit for the U.S. president from his trade policies?

• Reduced economic growth

• Improved relations with China

• Increased excitement among his supporters

• Decreased support from his base