Lighthizer Says Feels ‘Very Good’ About Phase One China Trade Deal

The video discusses recent US-China trade activities, highlighting China's purchase of US soybeans and the contrasting reports of a pause in buying US farm goods due to tensions over Hong Kong. It also covers the impact of the pandemic on global trade, emphasizing the need for the US to secure its supply chains, especially in the medical sector. The video concludes with a discussion on the necessity for the US to develop an industrial policy to ensure self-sufficiency in future crises.

What does the US need to do in future crises according to the speaker?

What kind of policy does the speaker suggest the US should have to avoid future supply chain issues?