Phase-Two Trade Deal Probably Won't Happen, Invesco's Hooper Says

The video discusses the impact of increased tariffs on Chinese imports into the US, which have risen significantly since the trade war began in 2018. While the phase one trade deal has de-escalated tensions, many tariffs remain, affecting the US economy. The possibility of a phase two trade deal is uncertain due to unresolved complex issues. Progress in US-China talks could lead to further tariff rollbacks, but the situation remains a 'wait and see' scenario.

What is the average levy on Chinese imports into the US as mentioned in the video?

• 25.7%

• 12.5%

• 19.3%

• 3.2%

What is the main reason the phase one trade deal did not eliminate tariffs?

• It was only a temporary agreement.

• It focused on easier issues, leaving many tariffs in place.

• It was not signed by both parties.

• It increased tariffs instead.

Why is there skepticism about a phase two trade deal?

• The US economy is not affected by tariffs.

• The phase one deal resolved all issues.

• The more difficult issues are left for phase two.

• China is not interested in further negotiations.

What analogy is used to describe the approach to the trade deals?

• A chef's recipe.

• A chess player's tactics.

• A procrastinator's playbook.

• A marathon runner's strategy.

What is the potential positive outcome if US-China talks progress?

• Rollback of more tariffs.

• Increase in tariffs.

• Complete elimination of tariffs.

• Introduction of new tariffs.