Trump Has China Over the Barrel on Trade, Hayman's Bass Says

The video discusses the ongoing US-China trade negotiations, highlighting tariff adjustments and their implications for the upcoming election. It reviews the history of the trade deal since 2018, emphasizing the strategic benefits for both countries. The deal allows both sides to claim a win, with enforceable components and tariffs remaining in place. The discussion also covers the strategic positioning of the US and China, including supply chain shifts and self-sufficiency efforts.

What was the main point of contention between Steve Mnuchin and President Trump regarding tariffs?

• The amount of tariffs to be reduced

• The timing of tariff reductions

• The countries involved in the tariff deal

• The products affected by the tariffs

When did the U.S. first impose tariffs on Chinese washing machines?

• January 2018

• January 2020

• January 2017

• January 2019

What was one of the preconditions for Chinese engagement in the trade talks?

• Dropping all tariffs

• Increasing tariffs

• Changing the trade deal terms

• Introducing new tariffs

How does the trade deal benefit President Trump politically?

• It allows him to impose more tariffs

• It helps him reduce tariffs further

• It allows him to negotiate with other countries

• It gives him a significant win before the election

What strategic advantage does the trade deal provide to China?

• It allows China to reduce tariffs on U.S. goods

• It allows China to increase tariffs

• It helps China negotiate with other countries

• It gives China time to become more self-sufficient