China, U.S. Agree to Lift Tariffs in Phases

The transcript discusses the progress and market reactions to the US-China trade deal, focusing on the limited nature of the agreement, which involves tariff rollbacks and increased US agricultural purchases by China. The political sensitivities surrounding the signing location are also highlighted, with both countries cautious about appearing to concede too much.

What is the market's reaction to the US-China trade negotiations?

• Complete confidence in a deal

• Indifference due to lack of details

• Nervousness with some relief

• Pessimism about future talks

What is the primary focus of the phase one deal between the US and China?

• Structural changes to China's economy

• Knowledge transfer agreements

• Increased purchase of US agricultural goods by China

• Complete removal of all tariffs

Which of the following is NOT part of the phase one deal?

• Continuation of trade talks

• Structural economic changes in China

• China purchasing more US goods

• Tariff relief from the US

Why is the location of the signing of the US-China deal politically sensitive?

• It must be held in a public forum

• The location must be in a neutral country

• The signing must occur in the US

• Both leaders want to avoid appearing to concede too much

What was one of the proposed locations for the signing of the US-China deal that was rejected?

• Beijing

• Alaska

• New York

• London