China's Liu to Visit U.S. for Crucial Talks

The transcript discusses the ongoing trade negotiations between the US and China, highlighting that 90% of the agreement has been reached, but China wants to revise some terms. Cultural differences and the impact of US-North Korea talks are considered. Game theory is applied to predict outcomes, and the potential effects of tariffs are debated, emphasizing the importance of a deal for global economic stability.

What is the significance of tariffs in the context of the US-China trade negotiations?

Why is it important for both countries to avoid uncertainty in their trade relations?

What are the potential consequences of a trade war between the US and China?