Kudlow Says U.S. Still Expects September Talks, But Will China Show Up?

The video discusses the narrowing political space for a trade deal between the US and China, with both sides showing reluctance due to political posturing. Leadership in China is deliberating on trade war strategies, while the US faces pressure from domestic sectors. The People's Bank of China (PBOC) is managing currency valuation to avoid destabilization and capital flight, despite concerns from foreign companies. Analysts suggest the currency might be overvalued, with market forces indicating a different valuation.

What is one reason the space for a trade deal between the US and China is narrowing?

• The US has stopped pressuring China.

• There is no political motivation involved.

• China views Trump's actions as political posturing.

• Both sides are becoming more serious about reaching a deal.

What internal pressure is Trump facing that influences his desire for a trade deal?

• Pressure from the automotive industry.

• Pressure from the farming community.

• Pressure from the technology sector.

• Pressure from the healthcare sector.

How has China responded to being labeled as a currency manipulator?

• By immediately devaluing its currency.

• By ignoring the label completely.

• By viewing it as an unreasonable pressure tactic.

• By agreeing with the US's assessment.

What is the significance of the 'seven level' in the context of China's currency?

• It is the level at which the currency is considered undervalued.

• It is the level at which the currency is considered overvalued.

• It is a critical level for maintaining economic stability.

• It is the level at which the currency is considered accurately valued.

What concern do foreign companies have regarding the potential devaluation of China's currency?

• It will make their exports cheaper.

• It will make their products more competitive globally.

• It will make imports for production more expensive.

• It will have no impact on their operations.