Extended U.S.-China Trade Talks Will Be 'Ugly' for Markets, Straszheim Says

The video discusses the US-China trade relations, focusing on the tariffs set to increase from 10% to 25% unless a deal is reached. It explores the potential for extending the tariff deadline and its implications for markets. The discussion also covers the leverage each country holds, the economic pressures on China, and the impact on various sectors, including consumer goods and autos. The video concludes with an analysis of recent policy changes in China and their potential enforcement.

What factors are influencing the leverage of the US and China in the ongoing trade talks?

What are the implications of the US applying tariffs on autos from around the world?