This Is China's Last Chance for a Trade Deal, Says George Magnus

The transcript discusses the dynamics of US-China trade negotiations, highlighting China's strategic interests in prolonging talks to gain leverage. It examines the challenges in reaching comprehensive trade agreements, particularly on issues like technology transfer and intellectual property. The discussion also touches on the future of US-China trade relations, emphasizing the deep-rooted nature of the dispute and the unlikely resolution of key issues before the 2020 presidential election.

What is the main reason China is prolonging trade negotiations with the U.S.?

• To focus on internal economic reforms

• To gain more time to develop their technology

• To wait for a new U.S. president

• To extract concessions from President Trump before the election

What is the expected outcome of the current U.S.-China trade negotiations?

• A new trade war with Europe

• A small, limited deal with no further phases

• A complete resolution of all trade issues

• A comprehensive multilateral agreement

Why might China be satisfied with the current state of negotiations?

• They have established a new trade agreement with Europe

• They have resolved all intellectual property issues

• They are receiving increased agricultural imports

• They have secured major technological concessions

What are some of the deeper issues underlying the U.S.-China trade war?

• Industrial policy and technology transfer

• Environmental regulations

• Military alliances

• Currency exchange rates

Why are the deeper issues in the trade war unlikely to be resolved soon?

• They require multilateral agreements

• They are not important to either country

• They are deeply rooted and involve standards and values

• They are too costly to address

How has U.S. trade policy shifted under President Trump?

• Towards large multilateral agreements

• Towards smaller, bilateral deals

• Towards increasing tariffs on all imports

• Towards focusing on environmental issues

What is the political motivation behind the U.S. pursuing smaller trade deals?

• To focus on domestic economic growth

• To reduce the trade deficit

• To showcase American negotiating prowess

• To strengthen military alliances