U.S. Won't Rely as Much on China After Virus, Says Stefan Selig

The video discusses the deteriorating economic relationship between the US and China, exacerbated by the coronavirus pandemic. It highlights the growing bipartisan consensus in the US against China, with public and corporate sentiment turning negative. The discussion covers the challenges faced by US companies in China, the need for supply chain diversification, and the implications of the Phase One trade deal. The video concludes with an analysis of the potential future of US-China trade relations, considering the political and economic factors at play.

What has amplified the pre-existing trend of deterioration in US-China relations?

• Environmental issues

• Technological advancements

• The coronavirus pandemic

• The trade war

Why are US companies hesitant to pull out of the Chinese market?

• Strict Chinese regulations

• Lack of alternative markets

• The large Chinese domestic market

• High labor costs in China

What is one strategy US companies might adopt to reduce reliance on China?

• Focus solely on the US market

• Increase investment in China

• Reduce production capacity

• Diversify their supply chains geographically

What economic challenge is China trying to avoid by building its consumer economy?

• High inflation

• A trade surplus

• The middle-income trap

• Currency devaluation

What was a key commitment in the Phase One trade deal?

• Increasing US imports by $200 billion

• Reducing tariffs on Chinese goods

• Eliminating all trade barriers

• Establishing new trade routes

Why might the Phase One trade deal targets be difficult to achieve?

• Technological barriers

• Environmental regulations

• Political disagreements

• The coronavirus pandemic

What is the likelihood of a full trade war developing between the US and China?

• Unlikely

• Certain

• Somewhat likely

• Very likely