Biden Team Considers Asia Digital Trade Deal to Counter China

The video discusses Joe Biden's warning to U.S. companies about the risks of doing business in Hong Kong due to China's data access concerns. It explores the potential impact on Hong Kong's status as a financial hub and the possibility of companies shifting to Singapore or Tokyo. The discussion also covers potential digital trade agreements that could lead to market bifurcation between Beijing and Washington, and revisits the idea of a Trans Pacific Partnership-like agreement in the Indo-Pacific region.

What is the main concern of the Biden administration regarding U.S. companies in Hong Kong?

• The influence of the Chinese Communist Party

• China's access to American companies' data

• The financial stability of Hong Kong

• The potential for digital trade agreements

What potential shift is being considered by companies due to the situation in Hong Kong?

• Shifting to European markets

• Expanding within Hong Kong

• Relocating to Singapore or Tokyo

• Moving operations to Beijing

What is the digital trade agreement in the Indo-Pacific region seen as?

• A replacement for the Trans-Pacific Partnership

• A placeholder after the U.S. left the TPP

• A way to increase trade with China

• An agreement focused on commercial goods

Which countries are mentioned as potential participants in the digital trade agreement?

• Brazil, Argentina, and Mexico

• Germany, France, and Italy

• Australia, Canada, and Chile

• India, Japan, and South Korea

What is the strategic importance of the digital trade agreement for the United States?

• To replace the Trans-Pacific Partnership

• To counter China's growing influence

• To focus on commercial goods

• To increase trade with Europe