China Narrows Scope for a Trade Deal With the U.S.

The video discusses the deteriorating trade relations between the US and China, highlighting the lack of commitments from China to reform its subsidy and industrial policies. A draft agreement had previously shown some progress, but China's view of its industrial policy as crucial to its economic security remains unchanged. Expert Jude Blanchette suggests that the trade war may reinforce China's stance rather than lead to reforms. President Trump insists on comprehensive deals, but a limited agreement may be the most feasible outcome for future negotiations.

What are the main issues causing the trade negotiations between the U.S. and China to worsen?

• The U.S. increasing tariffs on Chinese goods

• The U.S. withdrawing from trade talks

• China's demand for more U.S. agricultural products

• China's refusal to reform its subsidy and industrial policies

What did the draft agreement between the U.S. and China include?

• A new trade route between the two countries

• Increased tariffs on U.S. goods

• A complete halt to the Made in China 2025 plan

• Commitments for more transparency on government subsidies

Why is China's industrial policy considered critical?

• It is essential for China's economic security

• It helps in reducing trade deficits

• It promotes foreign investments

• It supports global trade agreements

According to Jude Blanchette, how is China's leadership likely to respond to the trade war?

• By committing to structural economic reforms

• By increasing imports from the U.S.

• By digging into their current policies

• By seeking immediate resolution

What is the best-case scenario for the U.S.-China trade negotiations according to the discussion?

• A withdrawal from negotiations by the U.S.

• An increase in tariffs on both sides

• A complete resolution of all trade issues

• A very limited deal paving the way for future negotiations