China Narrows Scope for a Trade Deal With the U.S.

The video discusses the deteriorating trade relations between the US and China, highlighting the lack of commitments from China to reform its subsidy and industrial policies. A draft agreement had previously shown some progress, but China's view of its industrial policy as crucial to its economic security remains unchanged. Expert Jude Blanchette suggests that the trade war may reinforce China's stance rather than lead to reforms. President Trump insists on comprehensive deals, but a limited agreement may be the most feasible outcome for future negotiations.

What does Jude Blanchette suggest about the leadership in Beijing regarding economic reforms?

What is the best-case scenario for the trade negotiations as mentioned in the text?