Harvard Kennedy School's Sheard Says It's Hard to Predict U.S.-China Trade War Causing a Recession

The transcript discusses the challenges of achieving a meaningful handshake agreement amid differing economic and geopolitical systems. It highlights concerns about the US economy, potential recession, and the impact of trade war rhetoric. The unpredictability of President Trump's actions and the reliance on consumer confidence are also examined, along with the need for strategic economic management.

What are the expectations regarding the upcoming handshake agreement mentioned in the text?

How does the speaker perceive the impact of trade deals on the consumer and the US economy?

What concerns does the speaker express about the potential for recession?

What strategies might the administration consider in response to the economic data, according to the speaker?

In what ways does the speaker suggest that the current economic situation is reliant on consumer sentiment?