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The Intelligence from The Economist

Crossing the “t”s: China-America trade talks

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 29 April 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

American negotiators will be in Beijing this week, for what appears to be the final stages of striking a trade deal. What’s left to be agreed, and what are the sticking points? Also, America’s shale boom has given it leverage in international oil markets—the trick will be using that newfound power effectively. And, we have a sniff of a pungent Egyptian holiday treat that has the potential to kill.

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:13.9

There's a new entrant among the world's energy superpowers, America. Thanks to plentiful

0:22.3

oil from Shale, it may even become a net exporter within a couple of years. But getting

0:27.4

the geopolitics of oil markets right will be trickier than getting this stuff out of

0:31.4

the ground. And happy shaman nasim. The spring holiday is celebrated by just about everyone

0:39.0

in Egypt, Muslims and Christians alike. And it comes with an associated dish, a stinky

0:44.8

fermented fish that has the potential to kill.

0:56.1

You can't stop though. Trade talks between America and China appear to be entering an endgame.

1:05.8

Discussions between the two countries will resume this week after a tit for tat trade

1:09.4

war that has cast a shadow over the world economy. Detail on what's been discussed so

1:14.5

far has been vague, but the mood music from both camps has been positive. The Chinese

1:20.1

have spoken of tangible progress. Steve Mnuchin, America's Treasury Secretary, says the

1:25.4

talks are in the final laps. And President Donald Trump, who last week suggested a visit

1:31.1

from his counterpart Xi Jinping could be on the cards, has played up the significance of

1:36.0

any agreement.

1:37.0

It's a massive deal. It could be one of the, I guess it is if you think about it, the

1:41.8

biggest deal ever made. It can't be a deal like this. No matter where you look, there

1:45.4

can't be a deal like this. This is the grand out of them all.

1:49.6

So this week the American officials are going to Beijing.

1:53.2

Mayacans is our US economic senator.

1:55.4

We've got Robert Lighthizer, who's the United States Trade Representative. He's going

...

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