There Are Consequences to These Tariffs, Says Asian Trade Centre's Elms

The transcript discusses the negotiation dynamics between Washington and Beijing, focusing on the potential consequences of tariff hikes. It highlights the complexity of global supply chains and how disputes between the US and China can have widespread global impacts. The discussion also touches on the potential rescinding of Chinese offers if the US proceeds with tariffs, emphasizing the interconnectedness of global trade.

What are the potential consequences of short-term tariff hikes mentioned in the video?

• Immediate resolution of trade disputes

• Negative effects on jobs and individuals

• Positive impact on local businesses

• Increased international cooperation

How has Beijing responded to the US's tariff discussions according to the video?

• By ignoring the US's actions

• By proposing new trade agreements

• By increasing tariffs on US goods

• By rescinding previous negotiation offers

What is a key factor complicating the notion of 'Made in China' as discussed in the video?

• Global integration of supply chains

• US's dominance in global trade

• Lack of manufacturing facilities in China

• China's focus on domestic markets

What is the potential global impact of a trade dispute between the US and China?

• Negligible impact on other countries

• Limited to the US and China

• Felt globally due to integrated supply chains

• Beneficial for European markets

What is the significance of the global supply chain in the context of US-China trade relations?

• It reduces dependency on imports

• It ensures fair trade practices

• It amplifies the effects of trade disputes

• It limits the impact of tariffs