Phase One Deal 'Solid' But Falls Below Expectations: Former Negotiator

The transcript discusses the US MCA trade deal, comparing it to the Trans Pacific Partnership. It analyzes the phase one deal, noting it falls short of initial expectations. The political context, including impeachment proceedings, is considered a factor in the deal's presentation. Future negotiations for phase two and three are expected to be challenging, with significant issues deferred. The transcript concludes with skepticism about achieving deep structural changes in China's economic model, suggesting lowered expectations.

What was the initial expectation set by the administration for the phase one trade deal?

• To focus only on agricultural products

• To finalize the deal in one year

• To address all issues within 90 days

• To involve multiple countries

How did the trade deal serve as a political tool for President Trump?

• It was a means to improve relations with Europe

• It was a way to reduce taxes

• It was a strategy to increase tariffs

• It was used to distract from impeachment proceedings

What is expected to happen in the phase two negotiations?

• They will likely face significant challenges

• They will be completed quickly

• They will focus on reducing tariffs

• They will address the easier issues first

Why are the prospects for a successful phase two agreement considered remote?

• Due to the absence of international support

• Because the U.S. has no clear strategy

• Because of a lack of interest from China

• Due to the complexity of the issues

What is a major challenge in addressing the structural changes in China's economic model?

• The lack of technological advancements

• The absence of trade partners

• The reluctance of Xi Jinping to make concessions

• The high cost of implementation