China Narrows Scope for Trade Deal

The video discusses the dynamics of US-China trade negotiations, highlighting the importance of leverage and pragmatism. It explores China's strategy of seeking a limited deal, excluding key US complaints like subsidies and industrial policy. The discussion also covers the potential benefits for both countries, such as China's need for agricultural imports and the US's desire to avoid an economic slowdown before the 2020 election. The Japan-US deal is presented as a template for a limited agreement, emphasizing the importance of realistic first steps in trade negotiations.

In what ways might the US President's concerns about the economy influence the negotiation process?

What are the reasons both the US and China might consider making concessions in the negotiations?