Pimco's Cantrill Sees 'More Prolonged Uncertainty' on U.S.-China Trade

The video discusses the market's strong reaction to trade negotiations, highlighting that the market was overly optimistic about an imminent trade deal. It compares current negotiations with past ones, noting the higher stakes and dramatic market reactions. The discussion also covers the challenges in reaching a resolution due to intractable issues, such as structural reforms and tariff rollbacks, leading to prolonged uncertainty.

What was the market's initial expectation regarding the trade deal?

• The deal was considered unnecessary.

• The deal was expected to fail.

• The deal was seen as inevitable and imminent.

• The deal was expected to be delayed.

How did the market react to the TTIP negotiations compared to the current trade dispute?

• The market was more attentive to TTIP.

• The market had no reaction to either.

• The market ignored both negotiations.

• The market reacted more dramatically to the current dispute.

What is a key reason for the complexity in the US-China trade negotiations?

• The issues are structural and relatively intractable.

• The negotiations involve simple tariff adjustments.

• Both countries have already agreed on all terms.

• The negotiations are focused on non-economic issues.

What do the Chinese want from the United States in the trade negotiations?

• Increased tariffs on US goods.

• A new trade deal with Mexico.

• A rollback of all tariffs.

• More trade agreements with Canada.

What is the current status of the USMCA tariffs according to the discussion?

• They have been completely removed.

• They are still in place despite a new agreement.

• They have been increased recently.

• They were never implemented.