Trump, Xi Seek to Restart Trade Talks at G-20 in Japan

The transcript discusses a conversation between the US President and Chinese officials, leading to a planned meeting at the G20. The President is eager to resume trade talks before the 2020 election. While markets reacted positively, skepticism remains about reaching a substantial trade deal due to significant differences between the US and China. A minor agreement might be possible if the US settles for increased Chinese purchases of American products, but major economic reforms are unlikely.

What was the outcome of the phone conversation between the US President and Chinese officials?

• They agreed to impose new tariffs.

• They agreed to meet at the G20 summit.

• They decided to cancel all future meetings.

• They signed a new trade agreement.

How did the US markets react to the news of the G20 meeting?

• The markets remained unchanged.

• The markets crashed.

• The markets went down significantly.

• The markets went up slightly.

What is the general expectation regarding a trade deal at the G20 meeting?

• A comprehensive trade deal is expected.

• No deal is expected at all.

• A minor agreement is expected.

• A deal involving military cooperation is expected.

What might a potential trade deal between the US and China involve?

• The US reducing its military presence in Asia.

• China purchasing more US agricultural products.

• The US adopting Chinese economic policies.

• China adopting US political systems.

What is a major challenge in reaching a US-China trade deal?

• China wants to expand its territory into the US.

• China wants the US to adopt its currency.

• The US wants China to make significant economic reforms.

• The US wants to increase tariffs on European goods.