Odd Lots What's Next For Chinese Trade Talks
Mar 11, 2019
Brad Setser, a Senior Fellow for International Economics at the Council on Foreign Relations, shares insights on the latest in U.S.-China trade negotiations and China's economic strategies. He discusses China's GDP growth target and the implications of the National People's Congress on trade dynamics. The conversation delves into the widening U.S. trade deficit, the impact of policy tightening on economic growth, and the potential for structural reforms amid ongoing trade tensions. Setser emphasizes the complexities and future challenges facing both economies.
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China Exploiting US Divisions?
- The US President focuses on the bilateral trade deficit.
- Others prioritize structural issues like subsidies, creating internal divisions China might exploit.
Currency's Role in Trade Deficit
- The U.S. trade deficit with China continues to widen despite new tariffs, possibly due to currency moves.
- A stronger dollar and weaker yuan might have offset the tariffs' impact.
Internal Disagreements
- There is public disagreement between President Trump and Robert Lighthizer about the meaning of a memorandum of understanding.
- This highlights differing views within the administration.