U.S.-China Tension Will Last Longer Than We Would Like, Says Bruegel's Wolff

The transcript discusses the complexities of US-China trade tensions, focusing on the motivations behind President Trump's aggressive stance towards China, which may be more about security and geostrategic rivalry than trade. It highlights the ideological battle and risks involved, with potential long-term global repercussions. The discussion also covers China's outreach to Europe, the EU's concerns about China's corporate practices, and the dynamics of the G20 Summit, where globalization and trade issues are prominent.

What is one of the main questions regarding President Trump's stance towards China?

• Is it about increasing US exports?

• Is it primarily a security issue?

• Is it about reducing US imports?

• Is it focused on cultural exchange?

Why might the US-China conflict be difficult to resolve?

• Because of China's refusal to trade with the US

• Due to ideological differences

• Because of US economic decline

• Due to lack of communication

What is China's approach towards the European Union in response to US trade policies?

• Focusing solely on Asian markets

• Reducing exports to Europe

• Reaching out with high-level delegations

• Increasing tariffs on European goods

What concerns do Europeans have about China's corporate practices?

• Limited market access

• High labor costs

• State involvement in buying strategic technologies

• Lack of innovation

How is the global atmosphere towards globalization changing according to the discussion?

• Becoming more favorable

• Shifting towards isolationism

• Remaining the same

• Becoming less favorable

Which countries are likely to continue supporting the multilateral trading system?

• India and South Africa

• The US and China

• The UK and the European Union

• Russia and Brazil

What is the perception of China and the US at the G20 summit?

• As reliable partners

• With more suspicion

• As economic leaders

• With admiration