Can U.S. and China Reach Phase Two Trade Deal?

The transcript discusses China's trade commitments, highlighting their tendency to honor numerical promises but struggle with vague commitments. It explores the challenges in phase two negotiations, particularly around subsidies and industrial policy. The discussion also touches on US-China relations, with references to a potential Cold War scenario, and the impact of the phase one agreement in slowing tensions.

In what ways has the relationship between the US and China been described as rocky?

What does the speaker suggest about the future of the phase two agreement?