Aberdeen Standard Investments Sees U.S.-China Tensions as a Multi-Decade Story

The video discusses the ongoing trade tensions between the US and China, focusing on tariffs and potential trade deals. It highlights the political implications of tariffs, especially in an election year, and the risks associated with pushing for tariff relief. The discussion also covers the long-term nature of US-China relations and the importance of non-tariff actions in shaping future economic and foreign policies.

What is the central case regarding the phase one trade deal between the US and China?

• It will introduce new tariffs in January.

• It will have no impact on tariffs.

• It will remove the December tariffs.

• It will increase tariffs in December.

Why might President Trump be hesitant to provide outright tariff relief?

• He wants to increase tariffs further.

• He sees tariffs as crucial leverage in negotiations.

• He is indifferent to tariff policies.

• He believes tariffs are ineffective.

What is the broader implication of the US-China trade tensions according to heavy hitters like Ray Dalio?

• It is solely about trade.

• It is a short-term issue.

• It is much bigger than just trade.

• It will be resolved within a year.

What is the focus of the next US President likely to be regarding tariffs?

• Eliminating all tariffs immediately.

• Developing their own approach to tariffs.

• Maintaining the current tariff levels.

• Increasing tariffs significantly.

What kind of support exists in the US for non-tariff actions against China?

• No significant support exists.

• Cross-party and cross-institutional support.

• Only from the Democratic party.

• Only from the Republican party.