Feldstein Says China Stealing Technology Is Key U.S. Trade Issue

The video features a discussion with Martin Feldstein from Harvard University, focusing on the fiscal and trade deficits, particularly with China. It highlights the issues of US-China trade relations, including the bilateral trade deficit and technology theft. The role of the WTO and potential trade agreements are also examined, emphasizing the need for addressing technology sharing rules and the strategic maneuvers of both countries.

What are the twin deficits discussed by Martin Feldstein?

• Fiscal and trade deficits

• Fiscal and monetary deficits

• Budget and inflation deficits

• Trade and employment deficits

What is the main concern of the U.S. President regarding trade with China?

• The bilateral trade deficit

• The fiscal deficit

• The employment rate

• The inflation rate

How does China propose to address the trade deficit with the U.S.?

• By buying more soybeans and natural gas

• By investing in U.S. infrastructure

• By reducing tariffs on U.S. goods

• By increasing U.S. imports

What is the WTO's stance on technology transfer requirements?

• It is against WTO rules to require technology sharing

• It allows technology sharing under certain conditions

• It encourages technology sharing for business

• It has no clear rules on technology transfer

What is the key issue in U.S.-China trade relations according to the discussion?

• The U.S. fiscal deficit

• Chinese theft of U.S. technology

• Chinese investment in U.S. infrastructure

• The U.S. employment rate