Former USTR Froman: ‘Phase 1’ Is Largely a Purchase Deal

The transcript discusses the complexities of the US-China trade relationship, focusing on the phase one deal and its implications. It highlights the challenges in negotiations, the potential for decoupling, and the impact of industrial policies. The discussion extends to multilateral trade agreements like TPP and RCEP, and the difficulties faced by financial services in accessing the Chinese market. MasterCard's efforts in promoting inclusive growth are also covered, along with the broader implications of the US-China relationship on the global economy.

In what ways can multilateral agreements benefit trade relations in the context of US-China interactions?

What are the implications of China's commitments to open its payments market?

How does MasterCard plan to contribute to financial inclusion in Asia?