NFTC Sees U.S. Businesses Caught in the Middle of Tariff Dispute

The transcript discusses the ongoing trade tensions between the US and China, highlighting the lack of change in China's behavior and the resulting economic risks for the US. It emphasizes the need for clear communication and negotiation strategies to address issues like technology transfer and intellectual property. The impact of these tensions on US businesses is significant, with increasing tariffs creating uncertainty. The transcript suggests that both countries need to establish backchannels to facilitate dialogue and potentially reach a resolution, despite the current lack of official negotiations.

What are the potential consequences of the ongoing trade tensions mentioned in the text?

What role do backchannels play in negotiations between the US and China according to the speaker?