Better, Newer, Stronger Trade Rules Needed, NAM's Menghetti Dempsey Says

The video discusses the complexities of US-China trade relations, highlighting the need for updated trade rules and a bilateral agreement. It examines the impact of tariffs on the US manufacturing and auto sectors, emphasizing the importance of fair trade practices. The proposal for a new trade agreement aims to address issues like intellectual property theft and state-owned enterprises. The video also touches on the role of Congress in regulating trade and the necessity of modernizing trade laws.

What updates are suggested for the trade rules between the US and China?

What role do state-owned enterprises play in China's economy according to the speaker?

How does the speaker propose to modernize trade tools and laws in the US?