Trump to Move Ahead With China Tariffs

The video discusses the potential impact of $34 billion tariffs on Chinese goods, suggesting the initial effect may not be significant but could escalate if China retaliates. US industries are concerned about possible restrictions on businesses like Walmart and GM. The discussion also covers the possibility of either the US or China pulling back, though neither side seems likely to do so immediately. The US administration's unclear criteria for negotiations and interests in intellectual property rights and trade deficit reduction are also highlighted.

What is the significance of intellectual property rights in the context of US-China trade relations?

What factors might prevent either the US or China from backing down in trade negotiations?