Former U.S. Official Doesn't See Trade Deal With China During Truce

The transcript discusses the complexities of US-China trade relations, emphasizing that the bilateral trade deficit is not a sufficient measure of economic balance. It highlights issues like intellectual property theft and market access barriers. The discussion also covers the challenges of addressing structural issues in China's economy, such as the 'Made in China 2025' policy, and the limitations of constraining China's technological development. The conversation concludes with the notion that resolving these issues will require long-term negotiations, given the strategic importance and interconnectedness of the US and Chinese economies.

What challenges are associated with addressing China's 'Made in China 2025' policy?

What is suggested as a potential outcome of the ongoing trade negotiations with China?