US-China Business Council: Higher Tariffs Would Be Very Disruptive

The video discusses the ongoing US-China trade negotiations, highlighting concerns from both sides regarding tariffs and legal commitments. Breaking news from Reuters reports on the first day of trade talks, with reactions suggesting potential delays in tariff increases. The impact of these tariffs on companies and consumers is explored, noting that while companies have contingency plans, the increased costs will eventually affect consumers.

What are the main concerns of the Chinese side in the trade talks?

• The pace of tariff drawdown

• The implementation of trade commitments

• The increase in tariffs

• The involvement of the National People's Congress

What recent development was reported by Reuters regarding the US-China trade talks?

• The cancellation of the talks

• A new trade agreement

• The first day of US-China trade talks

• The conclusion of the trade talks

Who is expected to speak with President Trump after the dinner?

• Vice Premier

• Ambassador Light Heiser

• Leihopa

• President Xi

How did companies prepare for the potential increase in tariffs?

• By reducing their workforce

• By creating contingency plans

• By increasing prices

• By relocating their factories

What is the expected impact on consumers if tariffs increase to 25%?

• No impact on consumers

• A decrease in product prices

• An increase in costs passed to consumers

• A reduction in supply chain costs