Trump's Trade Strategy Portends More Conflict With China, Cornell's Prasad Says

The transcript discusses President Trump's stance on labeling China as a currency manipulator, despite his own treasury's differing view. It highlights the impact of US economic policies on currency values and Trump's interpretation of these changes as competitive devaluations. The discussion covers the ongoing US-China trade talks, the political dynamics influencing Trump's strategies, and the potential impact on US businesses operating in China. The transcript also touches on the reluctance of China to engage in negotiations and the political factors affecting trade policies.

What is the irony in President Trump's claim about China being a currency manipulator?

• The treasury supports Trump's claim.

• US policies are strengthening the dollar.

• US policies are weakening the dollar.

• China is actually strengthening its currency.

What does President Trump consider as his advantages in the trade talks with China?

• A declining stock market.

• A weak economy and a divided Congress.

• A strong economy and a supportive political base.

• Support from international allies.

Why is China hesitant in the trade negotiations with the US?

• They have already agreed to all US demands.

• They are unsure of whom to negotiate with and what concessions to offer.

• They have a clear strategy in place.

• They have no interest in negotiating.

How have Chinese tariffs affected US businesses?

• They have led to a decrease in US tariffs.

• They have targeted specific parts of the US economy.

• They have increased US exports to China.

• They have had no impact.

What could potentially change the US administration's stance on tariffs?

• A significant increase in US exports.

• Support from Congress for more tariffs.

• A strong opposition from Trump's political base.

• A decrease in the US dollar's value.