China Would 'Love' a U.S. Trade Deal, China Beige Book CEO Says

The transcript discusses the escalating trade tensions between the US and China, focusing on tariffs. The US plans to increase tariffs, while China is considering its response, including currency adjustments. Both countries are strategizing for long-term impacts, with China seeking a deal but preparing for prolonged conflict. The economic implications are significant, affecting both domestic and international markets.

What is the significance of the phrase 'off ramp' in the context of the trade situation?

What consensus is mentioned regarding China's approach to the President's tariffs?