‘Phase 1’ Deal Doesn’t Get Rid of Policy Uncertainty: Aberdeen Standard Investments's McCann

The transcript discusses the ongoing negotiations and challenges in reaching a phase one trade deal between the US and China. It highlights the strategic use of tariffs as leverage and the impact of trade policy uncertainty on global markets and growth. The discussion also covers the potential for future trade agreements and the complexities involved, including non-tariff actions and their effects on companies and regulations.

What does the text suggest about the political use of trade policy?

In what ways might the trade conflict escalate beyond direct tariff actions?