U.S.-Mexico Trade Pact Is 'Big Warning Flag' for Japan, EU, PIIE's Schott Says

The transcript discusses the global trade war, focusing on the implications of new tariffs and taxes for regions like Europe, Japan, and Mexico. It highlights market reactions and the potential for increased trade friction. The negotiation dynamics with Canada are explored, emphasizing the challenges in reaching compromises. The US-China trade relationship is examined, noting the complexity of achieving desired changes. Overall, the transcript provides insights into the current state of international trade negotiations and their economic impacts.

In what ways are the trade negotiations with China different from those with Mexico and Canada?

What are the potential consequences of failing to reach a trade agreement with China?