China Said to Propose Importing $30 Billion More of U.S. Agriculture

The video discusses US agricultural exports to China, highlighting the challenges and potential outcomes of trade negotiations. It emphasizes the importance of addressing industrial policy and economic issues in China, which are key sticking points. The potential for memorandums of understanding on intellectual property and technology transfer is explored, along with the implications of extending negotiation deadlines.

What was the approximate value of US agricultural exports to China in 2017?

• 30 billion dollars

• 15 billion dollars

• 23-24 billion dollars

• 60 billion dollars

What is considered a major sticking point in the US-China trade negotiations?

• Cultural exchanges

• Agricultural exports

• Tourism agreements

• Industrial policy in China

Why is buying US products not a complete solution to the trade issues?

• It does not address industrial policy issues

• It increases the trade deficit

• It leads to overproduction in the US

• It causes inflation in China

What are some areas covered by the potential memorandum of understanding?

• Environmental policies

• Intellectual property and technology transfer

• Healthcare reforms

• Military cooperation

What might be a reason for extending the March 1st deadline in the negotiations?

• To improve cultural relations

• To increase agricultural exports

• To allow more time for a comprehensive deal

• To finalize a military agreement