Timeline: The Process Of Brokering A Trade Deal With China

The video discusses the evolution of US-China trade relations, starting with Nixon's 1972 trade opening. It highlights Trump's initial hard stance against China during his campaign, followed by fluctuating trade talks and tariffs. The narrative progresses to the announcement of a Phase One trade deal, which includes agreements on intellectual property and agricultural purchases. The video concludes with details of the preliminary trade deal signed in January 2020, outlining commitments from both countries and ongoing economic disputes.

What significant event in 1972 marked the beginning of US-China trade relations?

• The end of the Vietnam War

• The signing of a trade agreement

• President Nixon's visit to China

• The establishment of a US embassy in China

During his campaign, how did President Trump initially approach US-China relations?

• By ignoring trade issues

• By taking a hard stance against Beijing

• By advocating for stronger ties

• By focusing on military alliances

What was the outcome of the trade talks between the US and China in June 2019?

• A comprehensive trade deal was signed

• Both countries agreed to reduce tariffs

• Negotiations were put on hold indefinitely

• Talks failed and tariffs were increased

What was a key feature of the partial trade deal announced in October 2019?

• Complete removal of all tariffs

• A new military alliance

• China's agreement to buy US agricultural products

• US withdrawal from trade talks

What provision was included in the January 2020 trade agreement?

• A clause for immediate tariff removal

• A mechanism for semiannual meetings

• A ban on all Chinese imports

• A new currency exchange rate