Diplomatic Divide: Trade With China Continues to Fall

The transcript discusses the US-China trade relationship, highlighting the impact of tariffs imposed by President Trump on $400 billion of Chinese imports, which led to a 15% shrinkage in trade in 2019. Despite the Phase One trade deal, tariffs remain, and a Phase Two deal seems unlikely soon. China must purchase $130 billion in US goods to meet its commitments. Meanwhile, US oil exports to China are increasing, and most US companies plan to maintain their production in China, with $14 billion invested last year, indicating that a full decoupling is improbable in the short term.

What was the effect of President Trump's tariffs on US-China trade in 2019?

• Trade remained the same

• Trade increased by 30%

• Trade decreased by 15%

• Trade increased by 15%

What is the likelihood of a Phase Two trade deal between the US and China in the short term?

• Already signed

• Unlikely

• Somewhat likely

• Highly likely

How much does China need to purchase in the second half of the year to meet its trade commitment?

• $100 billion

• $130 billion

• $150 billion

• $200 billion

What percentage of US companies surveyed have no plans to move production out of China?

• 84%

• 70%

• 90%

• 50%

How much did US companies invest in China last year?

• $16 billion

• $12 billion

• $10 billion

• $14 billion