Eurasia Group's Sumpter Expects Escalation of Trade Tensions

The transcript discusses the ongoing US-China trade war, focusing on tariffs imposed by both countries. It highlights the US perspective on Chinese industrial policies and the potential for further tariff escalation. The impact on the Chinese economy and peripheral economies is considered, along with the political implications for the US. Challenges in trade negotiations and the lack of consensus between the US and China are also explored.

What is the likelihood mentioned for the US to impose 10% tariffs on $200 billion worth of goods?

• 75%

• 45%

• 55%

• 65%

How does Beijing view the potential impact of the combined $250 billion tariffs?

• They are panicking.

• They are seeking immediate negotiations.

• They are indifferent.

• They are confident in managing the fallout.

What is the main concern for the US with the midterms approaching?

• The strength of the US dollar.

• The impact on the Chinese economy.

• The support from European allies.

• The political pressure on President Trump.

What is a major issue in the US-China dialogue according to the third section?

• Lack of clarity on Washington's priorities.

• Excessive tariffs on European goods.

• Overconfidence in the US economy.

• Strong support from US farmers.

Why is Beijing hesitant to engage in negotiations with the US?

• They are focusing on other trading partners.

• They are waiting for the midterms to conclude.

• They have already made all necessary concessions.

• They lack confidence in the US sticking to agreements.