Summers Says View Trade Agreements by Jobs, Income

The transcript discusses a speech on protectionism, highlighting the disadvantages faced by service economies like the US and UK due to trade reforms focusing on goods. It emphasizes the importance of including services in trade agreements, referencing the TPP and intellectual property protection. The historical context of US trade agreements is explored, noting the reduction of trade barriers by other countries. The potential for progress in US-China trade negotiations, particularly in financial services, is considered, with a focus on US jobs and incomes. The speaker is skeptical about the impact of financial services on the US economy, suggesting priorities should benefit the American middle class.

What is the speaker's perspective on the potential opportunities for the United States in trade negotiations with China?

According to the speaker, what should be the focus when viewing trade agreements?