U.S. Says Trade Talks With China Are Progressing

The transcript discusses ongoing trade talks between the US and China, highlighting optimism from both sides. Key points include Chinese concessions, such as reducing tariffs on US cars and resuming soybean purchases. The focus is on enforcement mechanisms to ensure compliance with agreements. The potential impact of a prolonged trade war on the US economy, particularly on farmers, is also discussed. Tariffs have offset some revenue losses from tax cuts, but their overall economic impact is debated.

What is the significance of US soybean purchases in the context of trade talks?

How have the new tariffs impacted the revenue from corporate tax cuts?