Trump to Send Mnuchin, Lighthizer to China for Next Round of Trade Talks

The transcript discusses ongoing trade talks between the US and China, focusing on the March 1st deadline for a potential deal. President Trump emphasizes progress in negotiations but notes that a final deal requires a meeting with President Xi Jinping. The talks include discussions on tariffs, with Trump prepared to increase them if no deal is reached. Potential outcomes include China purchasing US soybeans, but key issues like IP theft remain unresolved.

What is the consequence if a trade deal with China is not reached by March 1st?

• Tariffs on China will decrease.

• Tariffs on China will increase to 25%.

• The U.S. will stop all trade with China.

• The U.S. will impose sanctions on China.

What was the general expectation if another round of trade talks was announced?

• It would mean a final deal was reached.

• It would lead to increased tariffs immediately.

• It would be a sign of progress.

• It would indicate a breakdown in negotiations.

What did President Trump say about the progress of the trade talks?

• Negotiations have been canceled.

• A final deal has been reached.

• Tremendous progress has been made.

• Talks have completely stalled.

What significant purchase did China propose as a sign of good faith?

• 10,000,000 tons of steel

• 5,000,000 tons of soybeans

• 1,000,000 tons of rice

• 2,000,000 tons of corn

What unresolved issues were mentioned in the potential trade deal?

• Military cooperation and cybersecurity

• Environmental regulations and tariffs

• IP theft and forced technology transfers

• Currency manipulation and labor laws