U.S.-China ‘Phase 1’ Deal Inching Ahead

The transcript discusses the preconditions set by both the US and China for signing a limited Phase One trade deal. China wants the US to roll back tariffs, while the US seeks assurance on China's purchase of US goods. Both sides are signaling a high likelihood of reaching an agreement, with positive market responses. However, final assurances are needed, and past experiences show deals can fall through at the last minute.

What is one of the preconditions set by China for the Phase one trade deal?

• Expansion of trade to new sectors

• Reduction in China's import duties

• Rollback of US tariffs

• Increase in US agricultural exports

What does the US want assurance on from China in the trade deal?

• China's plans to purchase US goods

• Reduction of US tariffs

• Increase in US exports to Europe

• Expansion of China's technology sector

What is the market's response to the potential trade deal between the US and China?

• Negative response

• Positive response

• Uncertain response

• No response

What might the US and China discuss if the Phase one deal is successful?

• Space exploration

• Cultural exchanges

• Military cooperation

• Larger unresolved issues

What has happened in past negotiations between the US and China?

• No negotiations took place

• Deals were abandoned at the last minute

• Deals were finalized quickly

• Deals were always successful