Despite "constructive" talks, no deal was reached between China and the U.S. on extending the 90-day tariff truce, and the August 12 deadline is fast approaching. What's holding both sides back? What are the hidden costs for consumers if tariffs snap back into place? How might the outcome of the China-U.S. trade talks influence Washington's negotiations with other economies? And could this diplomatic dance set the stage for a summit between the two state leaders later this year? Host Tu Yun joins Harvey Dzodin, Senior Fellow, Center for China and Globalization, Dr. Zhou Mi, Deputy Director, Institute of American and Oceania Study, Chinese Academy of International Trade and Economic Cooperation, Prof. Qu Bo, Director, Institute of International Relations, China Foreign Affairs University, and Warwick Powell, Adjunct Professor, Queensland University of Technology, Australia for a close look.