U.S. and China Said to Be Far Apart on Demands in Trade Talks

The transcript discusses the complexities of trade negotiations between the US and China, highlighting the tension between public statements and the actual status of talks. It emphasizes the structural issues causing delays, such as industrial subsidies and state-owned enterprises. The potential for a 60-day extension to the negotiation deadline is considered, but the US administration is hesitant to remove the March 1st deadline, as it serves as a leverage point. The importance of maintaining pressure through the threat of increased tariffs is also discussed.

What is the significance of the March 1st deadline mentioned in the text?

What did Larry Kudlow indicate about the 60-day extension?