U.S. Won Looking at Just the Deal, Says Associate Professor Balding

The video discusses the narrowing US-China trade deficit and the rising Chinese trade surplus with other countries, particularly in Asia and Europe. It explores the impact of this shift on global trade dynamics and political strategies. The video also examines the potential effects of import substitution, where China may displace goods from other countries to purchase more US goods, causing tensions. Finally, it analyzes the US-China trade deal, highlighting the concessions made by both sides and the unresolved issues left for future negotiations.

What are the potential consequences for countries like Brazil if China displaces their goods in favor of US imports?

In the context of the trade deal, what were the key concessions made by the Trump administration?