Hormats Says Possible for U.S. and China to Reach 'Some Level of Understanding' on IP

The transcript discusses the complexities of the US-China trade negotiations, focusing on structural changes, intellectual property protection, and the tech competition between the two nations. It highlights the challenges in reaching a comprehensive deal, the importance of realistic expectations, and the strategic significance of technology in the 21st century. The discussion emphasizes the need for ground rules in tech competition and the potential for progress in certain areas, despite the trust deficit and differing ambitions.

How might the Chinese government's stance on subsidies impact trade negotiations?

What are the potential areas of agreement between the US and China regarding trade?

What challenges are associated with reaching a consensus on intellectual property protection?

What are the implications of the trust deficit between the US and China in trade negotiations?

In what ways do the technological ambitions of China affect the trade discussions with the US?