U.S., China Trade Talks: Analysis

Top trade negotiators of U.S. and China resume negotiations in Washington today.
The entire world is keeping a close eye on how this 13th round of talks will unfold as there's a lot riding on the outcome of these talks... with siginificant ramification for not only the world's two largest economies but the global economy.
So, what are the prospects? A sweeping trade deal or another breakdown?
Let's get some expert's analysis. Joining me live via Skype is Jeff Moon, an international trade affairs consultant from Washington, D.C. He previously worked for the White House as the Assistant U.S. Trade Representative for China.
Jeff, welcome to the program.

As U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin enter trade talks today, there have been various speculations about the prospects for this week's two-day talks. Some reports say officials are heading to the talks with low expectations for major progress on reaching a comprehensive deal months after negotiations broke down in May while others say China is open to a small deal as long as President Donald Trump doesn't impose more tariffs, while offering to increase annual purchases of U.S. agricultural products.
What are your prospects? Is this mini-deal good enough or not?
Why will China agree to any kind of a deal despite the Trump administration's latest blacklisting of more than two dozen Chinese firms and visa restrictions on Chinese officials?
What are some factors that will impact the U.S. China trade deal in the mid to longer term?
What kind of an impact do we expect this trade war between the world's two largest economies to have on the global economy, Asian economy and South Korean economy?