Trump Embraces 'Phase 1' China Trade Deal

The transcript discusses the ongoing trade war between the US and China, highlighting skepticism about progress despite President Trump's optimistic tweets. It covers the agricultural purchases from China and the relief from additional tariffs. The discussion moves to phase two of the trade deal, focusing on intellectual property and security concerns, including issues with Huawei. The economic impact on China is significant, with expected declines in exports and imports, and a potential GDP growth below 6% for the first time in decades.

What was the main relief for the markets regarding the US-China trade deal?

• The complete removal of all tariffs

• The freezing of additional tariffs

• The doubling of agricultural purchases

• The signing of a comprehensive deal

Which two areas were left out of phase one of the US-China trade deal?

• Intellectual property and industrial policy

• National security and human rights

• Agricultural purchases and tariffs

• Currency and tariffs

What is the expected change in China's exports according to the economic update?

• Decrease by 6%

• Decrease by 3%

• Increase by 3%

• Increase by 6%

What was the Chinese government's main goal regarding tariffs in the trade negotiations?

• To have tariffs increased

• To have tariffs rolled back

• To impose new tariffs on US goods

• To maintain current tariff levels

What is the forecasted GDP growth rate for China, marking a significant change?

• Below 6%

• Exactly 6%

• Above 7%

• Above 8%