Genie Too Far Out of the Bottle for Trump to Reverse Tariffs, Pimco's Cantrill Says

The transcript discusses the impact of current political events on Washington's business, focusing on US-China trade relations. It highlights the challenges in trade negotiations, particularly the structural issues that China is reluctant to address. The discussion also covers the imposition of tariffs by the US and the market's reaction, with a focus on President Trump's trade policies and his belief that the US is disadvantaged in trade. The likelihood of reversing scheduled tariffs is considered low due to Trump's longstanding views.

How do political events in Washington affect U.S. trade negotiations?

• They have no impact on trade negotiations.

• They can distract from and complicate trade negotiations.

• They always lead to successful trade deals.

• They make trade negotiations easier.

What is a major challenge in the U.S.-China trade negotiations?

• Lack of interest from both parties.

• The structural issues that China is reluctant to address.

• Too many successful agreements.

• The absence of tariffs.

What has been the U.S. strategy regarding tariffs in the trade negotiations with China?

• Ignoring tariffs completely.

• Imposing and increasing tariffs on more goods.

• Reducing tariffs to encourage trade.

• Eliminating all tariffs.

How has the market reacted to the ongoing trade situation?

• The market is indifferent to the trade situation.

• The market is completely pessimistic.

• The market is optimistic about immediate tariff reversals.

• The market is hopeful but cautious about potential changes.

What is President Trump's long-standing view on U.S. trade?

• Trade is not important for the U.S.

• The U.S. should eliminate all trade barriers.

• The U.S. is getting short shrift and needs to rectify it.

• The U.S. is at an advantage in trade.