Phase-One Deal Not Worth 'Stupid' Trade Conflict, PIIE's Posen Says

The transcript discusses the ineffectiveness of a prolonged economic conflict between the US and China, likening it to a futile war with no clear objectives. The outcomes of the trade deal are minimal, focusing on rhetoric and minor trade adjustments. Future prospects for a meaningful trade agreement are uncertain, with potential collaboration with other countries like the EU and Japan. The discussion also highlights a trend towards decoupling in technology sectors, driven by national security concerns, which may lead to inefficiencies and challenges for multinational companies.

What are the expected outcomes of the decoupling mentioned in the text?

Discuss the impact of technology decoupling on multinational companies.