Rapid Escalation of Tariffs Against China Has Not Worked Well, NFTC Says

The transcript discusses the challenges posed by China's trade practices, including IP theft and forced technology transfers. It critiques the US administration's reliance on tariffs and suggests a multilateral approach involving the EU and Japan to reform the WTO. The conversation highlights the long-term strategic competition between the US and China, emphasizing the need for balanced trade relations and the risks of uncertainty in global trade dynamics.

In what ways does the speaker suggest that the US and China can maintain a strong trading relationship despite being adversaries?

What are the potential consequences of uncertainty in global trade as discussed in the text?