Phase-Two Trade Deal Probably Won't Happen, Invesco's Hooper Says

The video discusses the impact of increased tariffs on Chinese imports into the US, which have risen significantly since the trade war began in 2018. While the phase one trade deal has de-escalated tensions, many tariffs remain, affecting the US economy. The possibility of a phase two trade deal is uncertain due to unresolved complex issues. Progress in US-China talks could lead to further tariff rollbacks, but the situation remains a 'wait and see' scenario.

What are the implications of the phase one trade deal on the US economy?

What does the speaker suggest might happen if there is progress in US-China talks?