How Realistic Are Trump's Planned Trade Policies?

The video discusses the challenges and feasibility of implementing outsourcing taxes, highlighting legal, practical, and economic hurdles. It examines Trump's trade proposals, such as withdrawing from NAFTA and the WTO, and their potential impacts on the US economy. The cultural influence of Trump's actions on corporate decision-making is also explored. Finally, the video addresses misconceptions about the decline of US manufacturing, presenting evidence of its continued strength and growth.

What are some challenges in implementing a re-importation tax on companies moving operations abroad?

• High cost of implementation

• Legal, practical, and economic hurdles

• Insufficient technology to monitor companies

• Lack of support from the public

Which trade agreement did Trump propose to withdraw from, citing renegotiation issues?

• NAFTA

• Trans-Pacific Partnership

• ASEAN

• European Union

What might be a consequence of Trump's public criticism of companies moving operations abroad?

• A decrease in global trade

• Increased foreign investment in the U.S.

• Companies becoming more hesitant to offshore

• A rise in domestic manufacturing jobs

How has U.S. manufacturing output changed since the late 1970s?

• It has fluctuated without a clear trend

• It has increased and set records

• It has remained stable

• It has decreased significantly

What is a common misconception about U.S. manufacturing?

• It is the largest in the world

• It is thriving and growing

• It is heavily reliant on imports

• It has been crushed by globalization

What is the U.S.'s position in global manufacturing output?

• First

• Fourth

• Second

• Third

What regional aspect is highlighted in the discussion of U.S. manufacturing?

• The success of manufacturing in the Carolinas

• The uniform decline across all regions

• The growth of manufacturing in the Rust Belt

• The decline of manufacturing in the South