U.S. Raises Tariffs as China Says It's Forced to Retaliate: What's Next?

The transcript discusses the current mood in Beijing regarding trade negotiations with the US, highlighting China's disappointment and potential retaliatory actions. It explores the ongoing negotiations, expressing cautious optimism for a deal despite short-term turmoil and friction. The US perspective is examined, noting a deterioration in China's position and the resulting strategic decisions, including tariffs. The discussion concludes with an analysis of the high-risk nature of these strategies and the potential consequences.

What does the speaker suggest about the nature of the negotiations as they approach closure?

What concerns does the speaker raise regarding the last-minute changes in the negotiations?