U.S. Might Politically Have an 'Upper Hand' Over China, Lowy's McGregor Says

The video discusses the impact of US tariffs on China, highlighting the potential for an economic war that could affect various geopolitical and regional issues. It compares the current US-China trade tensions to the US-Japan trade relations of the late 80s and early 90s, emphasizing the structural changes demanded by the US. The discussion also touches on the broader implications of these tariffs beyond just trade, including political and global influence.

What does the speaker imply about the importance of the US to China beyond trade?

In what ways does the speaker believe the US might have the upper hand in negotiations with China?