U.S., China Need to Get More Realistic, Hinrich Foundation's Olson Says

The video discusses the impact of tariffs between the US and China, highlighting the minimal direct economic impact but significant potential for escalating tensions. It emphasizes the need for realistic negotiations and adjustments from both countries, considering their different economic systems. The discussion also touches on the Made in China 2025 initiative and whether tariffs are a tool for negotiation or a means to curb China's technological rise.

What is the significance of the $34 billion in tariffs in relation to the overall size of the US and Chinese economies?

What are the potential impacts of escalating tariffs on business confidence and market sentiment?

How do the economic systems of the United States and China differ, according to the discussion?

What adjustments do both the United States and China need to make in their trade practices?

What are the implications of the 'Made in China 2025' program on US-China trade relations?