Alden: Trump Can’t Back Foreign Leaders to the Wall

Ted Alden discusses America's economic challenges, focusing on the impact of a strong dollar on Trump's goals, income inequality, and skill shortages. He highlights potential twin deficit issues and the importance of diplomacy in trade. Alden also explores global economic alliances and the application of game theory in trade negotiations.

What does Ted Alden mean by America needing a second chance?

• The U.S. should focus solely on domestic issues.

• The U.S. needs to address the challenges faced by those left behind in global competition.

• The U.S. should withdraw from international trade agreements.

• The U.S. should re-enter the global economy.

How does a strong dollar pose a challenge to Trump's economic goals?

• It makes U.S. exports cheaper.

• It acts as a headwind for industries competing globally.

• It boosts the U.S. manufacturing sector.

• It reduces the cost of imports.

What is a key concern regarding the U.S. workforce in the context of manufacturing?

• Over-reliance on foreign workers.

• Skill shortage and lack of job retraining programs.

• High wages in the manufacturing sector.

• Lack of interest in manufacturing jobs.

What are the potential consequences of the U.S. withdrawing from the Trans-Pacific Partnership?

• Improved trade relations with Europe.

• Increased leverage against China.

• Countries organizing around China instead.

• Strengthening U.S. economic interests.

What does game theory suggest about trade negotiations?

• One side must always lose.

• Both sides can achieve beneficial outcomes.

• Trade negotiations should be avoided.

• Trade is a zero-sum game.

What was a significant aspect of Reagan's approach to international trade?

• Ignoring foreign trading practices.

• Relying solely on the WTO for dispute resolution.

• Unilateral actions to boost U.S. imports.

• Avoiding any form of trade disputes.

What is a major concern regarding the Trump administration's approach to international trade rules?

• Complete withdrawal from all trade agreements.

• Potential disregard for formal dispute settlement systems.

• Comfort with being constrained by existing rules.

• Strict adherence to WTO rules.