U.S., China Want and Need a Trade Deal, Mercatus Center's McDaniel Says

The transcript discusses the ongoing trade talks between the US and China, highlighting the pressures both countries face to reach a deal. It examines the potential short-term and long-term outcomes of a trade agreement, including issues like IP protection and market access. The challenges of achieving a balanced trade relationship are explored, with a focus on the trade deficit and economic interdependence. The need for a trade deal is emphasized, considering the interconnected nature of the global economy.

In what ways could a trade deal impact the global economic outlook?

What factors contribute to the trade imbalance between the US and China?