China Will Not Meet Phase-One of the Trade Deal, Says Veda's Treyz

The video discusses the ongoing tensions between the US and China, focusing on the phase one trade deal and its shortcomings, particularly in agricultural commitments. The emergence of the coronavirus has further complicated relations, leading to numerous bills in Congress aimed at holding China accountable. The discussion anticipates an escalation to phase two of the trade war, with potential strategies including tariffs and bans on Chinese goods and investments. The video critiques the effectiveness of tariffs, highlighting their negative impact on the US economy amid high unemployment and GDP decline.

What was a major issue with the phase one trade deal between the US and China?

• It was fully implemented on time.

• The deal was not met, and coronavirus added to tensions.

• China exceeded its agricultural purchase commitments.

• It led to a decrease in US exports to China.

What is a potential consequence of the US-China trade tensions escalating into a phase two?

• Resolution of all trade disputes.

• A decrease in global trade.

• Increased tariffs and economic self-harm.

• Improved cooperation on COVID-19.

What are some strategies the US administration considered to target China?

• Banning exports, imports, and investments.

• Increasing imports from China.

• Reducing tariffs on Chinese goods.

• Encouraging Chinese investments in the US.

How does President Trump's view on tariffs differ from the general understanding?

• He believes tariffs benefit US consumers.

• He sees tariffs as a penalty for China, despite their impact on the US.

• He thinks tariffs have no effect on trade relations.

• He views tariffs as a way to boost the US economy.

What economic challenges are highlighted in the context of the US-China trade tensions?

• Stable economic conditions.

• Massive unemployment and negative GDP estimates.

• Positive GDP growth.

• Rising employment rates.