The Intelligence from The Economist Seeing the Lighthizer: China trade talks
Mar 27, 2019
Trade negotiations between China and the U.S. are becoming increasingly complex, with domestic pressures complicating matters. Meanwhile, Apple is shaking up the entertainment industry with its entry into film and television, setting the stage for a new era in streaming wars. Additionally, the evolving media landscape in North Korea hints at a shift in Kim Jong Un’s approach, as he might need to adapt his propaganda to resonate with an audience exposed to foreign content. Overall, a fascinating look at trade, media, and diplomacy.
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US-China Trade Talks
- US-China trade talks are proving difficult due to concerns over China's compliance with any potential agreement.
- The talks are crucial for the global economy, as a breakdown would be detrimental to economic growth.
Trade Deal Challenges
- The complexity of issues like intellectual property rights and government intervention makes reaching a trade deal challenging.
- There's uncertainty whether the current round of talks will be decisive, given the unpredictable nature of negotiations.
Shifting Media Landscape
- Traditional television viewership is declining while on-demand services like Netflix, Hulu, and Amazon Prime Video are rising.
- Major media companies are merging content and distribution to compete with Netflix, as seen with AT&T buying Time Warner and Disney buying Fox.