What to Expect for Trade Post Trump and Brexit

The video discusses the current state of globalization and trade, highlighting the loss of confidence in free trade in Western countries, political reactions like Brexit and Trump's election, and the need for new industrial strategies. It emphasizes the importance of maintaining open trade and investment, while also addressing modern trade issues such as regulation and digital economy. The video also explores potential challenges in transatlantic trade deals and the financial implications of Brexit negotiations.

What are some of the political events mentioned as reactions to the decline in confidence in globalization?

• The fall of the Berlin Wall

• The Arab Spring

• Brexit and Trump's election

• The Paris Climate Agreement

What is emphasized as crucial for countries to avoid a retreat from open trade?

• Reducing international cooperation

• Focusing solely on local markets

• Strengthening domestic policies

• Increasing tariffs

What is a key component of the industrial strategy discussed for the UK and US?

• Closing borders to foreign investment

• Focusing only on traditional industries

• Reducing government involvement in the economy

• Developing skills and supporting the economy

What is a significant focus in modern trade policies according to the lecture?

• Increasing import taxes

• Regulation and digital economy

• Reducing export quotas

• Tariffs on goods

What are some sensitive issues in the transatlantic trade deal negotiations?

• Space exploration

• Education exchange programs

• Healthcare provision and agriculture

• Tourism and travel restrictions

What is the EU's proposed financial settlement for Brexit negotiations?

• €30 billion

• €60 billion

• €10 billion

• €100 billion

What is the UK's stance on the proposed €60 billion Brexit settlement?

• They think it should be higher

• They fully agree with it

• They believe it is not the correct figure

• They have not commented on it