Is the US moving closer to a deal in trade negotiations with China?

About this Video

• Video Title: Is the US moving closer to a deal in trade negotiations with China?
• Channel: Fox Business
• Speakers: Larry, Matt Pottinger
• Duration: 00:08:24

Introduction

This Fox Business video discusses the potential for renewed trade negotiations between the US and China. The discussion centers on whether China's economic struggles, including record factory closures, might incentivize them to return to the negotiating table and reach a deal. The conversation also touches upon the broader geopolitical context, including US sanctions on Iran and the situation in Ukraine.

Key Takeaways

• China's Economic Weakness: China's slowing economy, marked by record factory closures and a struggling consumer market, is a significant factor influencing the possibility of trade talks.
• US Leverage: The US holds considerable leverage due to the existing tariffs, which have negatively impacted Chinese businesses.
• Past Deal Failures: China's failure to uphold the terms of the Phase One trade deal is highlighted as a reason for US skepticism.
• Xi Jinping's Influence: Xi Jinping's tight grip on power in China is discussed, raising questions about his willingness to compromise.
• Geopolitical Context: The discussion extends beyond trade, encompassing US sanctions on Iran and their potential impact on US-China relations, and the ongoing conflict in Ukraine.