'Foolish' to Think China Will Live Up to Trade Deal, Hayman's Bass Says

The video discusses the absence of WTO backing in a trade agreement with China, emphasizing the role of key figures like the ambassador and president in ensuring compliance. It highlights the uncertainty faced by Iowa farmers regarding the agreement's impact on their business. The discussion also covers skepticism about China's adherence to agreements, with a slight optimism for enforceable terms.

What is missing from the agreement that makes it different from those overseen by the WTO?

• A formal enforcement body

• A clear timeline

• A public announcement

• A financial penalty clause

Who are the key figures responsible for ensuring the Chinese adhere to the agreement?

• The Secretary of State

• Ambassador Light Hyzer and the President

• The Trade Minister

• The Vice President

What is the main concern of the Iowa farmer regarding the trade agreement?

• The availability of farming equipment

• The reliability of the Chinese in keeping their promises

• The price of crops

• The weather conditions

How does the speaker describe the Chinese track record with agreements?

• Always beneficial

• Unpredictable

• Consistently reliable

• Historically untrustworthy

What is the general sentiment about the enforceability of the new agreement?

• Indifference

• Cautious optimism

• Complete confidence

• Total skepticism