Pimco's Cantrill Calls Phase-One China Deal a 'Fragile Reprieve'

The transcript discusses the signing of an agreement, focusing on agricultural purchases and tariff relief. It highlights the economic and market implications, and the ongoing negotiations for phase two. The challenges faced in these negotiations and the future prospects are also covered, with an emphasis on the structural issues that remain unresolved.

What is the expected benefit of the agricultural purchases mentioned in the trade agreement?

• Support for American farmers

• Increased tariffs on agricultural goods

• Higher prices for consumers

• Reduction in agricultural exports

What is the nature of the trade agreement discussed in the second section?

• A permanent settlement

• An increase in tariffs

• A temporary reprieve

• A complete resolution

What is the anticipated timeline for the completion of phase two negotiations?

• Before the election

• Immediately after phase one

• Possibly after the election

• Within a month

What is a major concern regarding the phase two negotiations?

• The lack of agricultural focus

• The willingness of the US to concede

• The reluctance of China to address structural issues

• The increase in tariffs

What is the current morale among negotiators working on the trade agreement?

• Unchanged

• Indifferent

• Low and exhausted

• High and optimistic