U.S., China Still Quite Far Apart, Says Mercatus Center’s McDaniel

The video discusses the ongoing trade talks between the US and China, focusing on tariffs and the challenges in reaching an agreement. It highlights the differences in economic policies, with China moving towards a state-controlled economy, contrary to expectations when it joined the WTO. The potential threats of China weaponizing its economic assets are also explored, emphasizing the need for China to liberalize and open up its economy.

What is the significance of the distance between the US and China's positions in trade talks?

In what ways do tariffs address long-held tensions between the US and China?