China's Former Vice Commerce Minister on The Phase One Trade Deal

The video discusses the trade deal between the US and China, focusing on China's commitment to double its purchase of goods and services. It covers the enforcement mechanisms that allow both countries to supervise each other's compliance. Concerns about potential tariff escalations are addressed, and the prospects for a phase two agreement are explored, with hopes for further tariff reductions.

What is China expected to do as part of the trade deal in the next two years?

• Maintain the same level of purchase

• Double its purchase of goods and services

• Stop purchasing US goods entirely

• Reduce its purchase of US goods

What could happen if China does not fulfill its trade deal commitments?

• The US might impose additional tariffs

• The US will reduce tariffs

• China will receive a trade bonus

• China will be exempt from future deals

How does the enforcement mechanism of the trade deal work?

• Neither country supervises the other

• Both countries supervise each other's compliance

• Only China supervises US compliance

• Only the US supervises China's compliance

What is a concern if the trade deal commitments are not met?

• Tariffs could be reduced

• Trade talks could be canceled

• Tariffs could escalate

• Trade bonuses could be given

Under what condition will tariffs on Chinese goods remain?

• Until the US changes its administration

• Until China stops purchasing US goods

• Until phase one is completed

• Until a phase two agreement is reached