Ross Downplays Prospect of U.S.-China Trade Deal at G-20

The transcript discusses the ongoing US-China trade talks, highlighting the role of Wilbur Ross and the uncertainty surrounding a meeting between Trump and Xi Jinping. It covers the challenges in negotiations, including the delay of Mike Pence's speech and the shifting US response. The political implications for Trump's reelection campaign and the US economy are examined, with a focus on public hearings about tariffs on Chinese goods. The hearings will feature numerous companies opposing the tariffs, which could impact consumer goods and supply chains.

What is the main focus of Wilbur Ross's comments regarding the US-China trade talks?

• To manage expectations and keep discussions balanced

• To finalize the trade agreement details

• To announce new tariffs on Chinese goods

• To criticize China's trade practices

Why was Mike Pence's aggressive speech delayed according to the transcript?

• Because of internal disagreements within the US administration

• To avoid upsetting China and affecting trade talks

• Due to scheduling conflicts

• To focus on domestic issues

What is President Trump's goal as he starts his reelection campaign?

• To focus on domestic policy changes

• To finalize a trade deal with Europe

• To maintain a positive and optimistic atmosphere

• To increase tariffs on Chinese goods

What is the primary concern of businesses regarding the proposed tariffs on Chinese goods?

• They will improve trade relations with China

• They will benefit the US economy

• They will disrupt supply chains and increase consumer prices

• They will lead to increased competition

What significant event is expected to happen during the public hearings on tariffs?

• Resolution of the US-China trade dispute

• Announcement of new trade agreements

• Testimony from US Trade Representative Robert Lighthizer

• Introduction of new tariffs on European goods