Ross Says U.S., China Making 'Good Progress' in Trade Talks

The transcript discusses the status of the Phase One trade deal between the US and China, highlighting the complexities and potential obstacles in finalizing the agreement. It also addresses the Huawei ban, explaining the licensing process for US companies and the potential easing of restrictions. Additionally, the transcript touches on the impact of the US's absence in Asian trade agreements, particularly the RCEP, and its implications for economic dependencies.

How many requests for licenses have been filed according to the text?

What is the nature of the trade pact backed by China mentioned in the text?