U.S. and China on Verge of ‘Historic’ Trade Deal, Kudlow Says

The video discusses the ongoing US-China trade negotiations, highlighting a finalized currency deal and the potential for tariffs if talks fail. It covers a WTO ruling against China's farm subsidies, which could benefit US farmers and provide leverage in negotiations. The economic impact of the trade war is also examined, with US exporters facing significant losses, despite claims of US success due to China's economic slowdown.

What is the main focus of the 150-page document deal discussed in the trade talks?

• Environmental regulations

• Healthcare policies

• Currency agreements and enforcement mechanisms

• Military cooperation

How does the WTO ruling on China's farm subsidies benefit the US?

• It allows the US to increase its own subsidies.

• It leads to a decrease in US agricultural exports.

• It reduces tariffs on US goods.

• It provides leverage in trade talks with China.

What is the estimated annual cost to US exporters due to the trade war?

• $20 billion

• $10 billion

• $30 billion

• $40 billion

What is one of the political reactions to the economic impact of the trade war?

• Lawmakers ignored the issue.

• Lawmakers praised the tariffs.

• Lawmakers expressed concern over the impact on small businesses.

• Lawmakers demanded more tariffs.

What does the US trade representative say about the costs of the trade war?

• They are unexpected.

• They are necessary for long-term change.

• They are negligible.

• They are beneficial for all parties.