Trump Extends China Tariff Truce

The transcript discusses the ongoing US-China trade negotiations, highlighting the extension of the tariff deadline and the potential for a leadership summit. It covers the optimism from President Trump and the hurdles that remain, particularly around enforcement mechanisms and currency stability. The impact on currency markets is noted, with positive reactions from traders and forecasts for the yuan. Additionally, the transcript addresses the situation with Australian coal shipments to China, where increased inspections have led to delays, raising concerns about potential retaliatory actions from China.

What was the original tariff rate on $200 billion worth of Chinese goods before the deadline extension?

• 5%

• 10%

• 15%

• 25%

What is one of the major hurdles in the US-China trade negotiations?

• Agricultural exports

• Enforcement of the deal

• Technology transfer

• Intellectual property rights

How did Goldman Sachs adjust their forecast for the yuan?

• From 670 to 660

• From 660 to 670

• From 660 to 650

• From 650 to 660

What could potentially limit China's fiscal and monetary easing according to the discussion?

• Currency pact

• Trade surplus

• Inflation rates

• US interest rates

What is the Chinese government's official stance on the Australian coal shipments?

• There is a quota system

• There is no ban

• There is a partial ban

• There is a complete ban