NFTC President Says More U.S. Tariffs on China Would Be a Mistake

The transcript discusses the geopolitical tensions between the US and China, focusing on the impact of tariffs on both economies and the global supply chain. It highlights the need for international cooperation to address China's trade practices and the potential role of the WTO in facilitating negotiations. The discussion also covers the USMCA agreement, its challenges in Congress, and the implications of national security restrictions on trade with Canada and Mexico.

What is the primary concern for companies like Caterpillar and General Electric regarding US-China tensions?

• Lack of access to Chinese markets

• The impact of tariffs on global supply chains

• Rising labor costs in China

• Increased competition from Chinese companies

What is the expected outcome of the US-China meeting in Buenos Aires?

• A comprehensive trade agreement

• An agreement to negotiate further

• Immediate reduction of tariffs

• A complete breakdown in talks

How might the WTO assist in resolving US-China trade issues?

• By imposing sanctions on China

• By facilitating a multilateral reform agenda

• By providing financial aid to affected industries

• By mediating bilateral talks

What is a major concern for industries regarding the USMCA deal?

• Limited access to Canadian markets

• Lack of support from European partners

• Increased tariffs on Mexican goods

• National security restrictions on steel and aluminum

What is the political outlook for the USMCA deal in Congress?

• It will be postponed indefinitely

• It will face challenges but is likely to pass

• It will be rejected by both parties

• It will pass easily without any opposition