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The transcript discusses the ongoing trade tensions between the US and China, focusing on the impact of tariffs and the lack of progress on key issues like intellectual property and cybersecurity. It highlights the market's fluctuating sentiment and the potential economic consequences, such as reduced business confidence and hiring. The discussion also touches on the desensitization to political statements and the need for substantive resolutions.

How has the tone of discussions changed over the last 18 months according to the speaker?

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What are the main structural issues between the US and China mentioned in the text?

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What does the speaker suggest about the likelihood of a trade deal between the US and China?

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What impact do the ongoing trade issues have on business confidence?

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In what ways does the speaker believe the market is reacting to news from the US and China?

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