U.S., China Reach Phase One Deal

The video discusses the progress of the US-China trade deal, highlighting the legal and signing stages. It covers China's commitment to purchase $40-50 billion in agricultural products and the delay of tariffs. The economic implications for China are considered positive, with relief from tariff suspensions. Additionally, the video addresses China's potential retaliation against Germany over a Huawei ban, indicating possible impacts on auto manufacturers.

What is the expected outcome after the signing of the US-China trade deal?

• Immediate effect of the deal

• 30 days after signing, the deal takes effect

• The deal will be effective after a year

• The deal will not take effect

How much agricultural products has China committed to buy from the US over the next two years?

• 20 to 30 billion dollars

• 30 to 40 billion dollars

• 40 to 50 billion dollars

• 50 to 60 billion dollars

What is one of the main benefits for China's economy from the trade deal?

• Increase in import tariffs

• Increase in foreign investments

• Suspension and reduction of tariffs

• Decrease in export tariffs

What action is China threatening if Germany bans Huawei?

• Restrict German imports

• Ban German technology companies

• Retaliate against German auto manufacturers

• Increase tariffs on German goods

Which sector could be affected by China's retaliation against Germany?

• Textile industry

• Automobile industry

• Pharmaceutical industry

• Agricultural sector