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 are the expectations for phase two negotiations of the trade deal?

What are the potential obstacles to achieving a successful agreement in phase two negotiations?