China, U.S. Aim For Smaller Deals As Trade Talks Restart

The transcript discusses the resumption of US-China trade talks, highlighting key issues such as the reintroduction of a currency pact to prevent currency devaluation, the US Treasury's labeling of China as a currency manipulator, and the potential pause on tariffs. It also covers President Trump's decision to allow some US companies to trade with the blacklisted Chinese tech company Wowway. Additionally, China is reportedly offering to purchase more American agricultural products, including soybeans, pork, and wheat. President Trump expressed optimism about reaching a trade deal, emphasizing the need for a favorable agreement for the US. The duration of the Chinese negotiators' stay in Washington remains uncertain, but a meeting with China's vice premier is scheduled.

What is the main goal of the US in the trade talks with China?

• To increase tariffs on Chinese goods

• To ban all Chinese tech companies

• To reintroduce a currency pact

• To stop all trade with China

What action did the US Treasury take against China?

• Signed a new trade agreement

• Banned Chinese imports

• Increased tariffs on Chinese goods

• Labeled China a currency manipulator

Which Chinese company might be allowed to receive select goods from American companies?

• Tencent

• Alibaba

• Huawei

• Xiaomi

What agricultural products is China reportedly offering to buy more of from the US?

• Corn and rice

• Soybeans, pork, and wheat

• Fruits and vegetables

• Dairy and poultry

What is President Trump's stance on the trade deal with China?

• It should be a 50-50 agreement

• It should favor China more

• It should be postponed

• It should favor the US more