What China Wants Out of Trade Deal With U.S.

The video discusses the US-China trade deal, highlighting differences in the US and Chinese versions. Key points include China's potential agricultural purchases, intellectual property laws, and market openings. The October 15th tariff increase is suspended, but other tariffs remain, continuing the trade war. Challenges include unclear agricultural purchase methods and ongoing economic impacts.

What is the main issue with the agricultural purchase agreement between the US and China?

• China has committed to a specific dollar amount.

• The agreement is clearly documented.

• The US has not set any purchase targets.

• There is uncertainty about how the purchase targets will be met.

What significant change did China announce regarding its financial sector?

• It will remain closed to foreign firms.

• It will limit foreign ownership to 50%.

• It will allow 100% foreign ownership.

• It will increase tariffs on foreign investments.

Which tariff increase was suspended as part of the trade discussions?

• All existing tariffs.

• The October 15th tariff increase.

• No tariffs were suspended.

• The December tariff increase.

What is a major challenge in reaching the proposed agricultural purchase targets?

• High agricultural prices.

• Lack of demand for agricultural goods.

• Excessive supply of agricultural goods.

• Slumped agricultural prices.

What is the overall impact of the trade deal on the US economy?

• It continues the trade war with ongoing tariffs.

• It benefits all sectors equally.

• It eliminates tariffs on consumer goods.

• It resolves all trade issues.