Former USTR Says Sec. Ross Takes Enforcement Seriously

The transcript discusses the ongoing trade war, focusing on the US's approach to trade enforcement, particularly against China, and the use of WTO mechanisms. It highlights the challenges of renegotiating NAFTA, considering the integrated North American production platform. The impact of currency on trade deals is also explored, with a focus on the TPP's currency arrangements.

What was a significant focus of the Obama administration in terms of trade enforcement?

• Reducing trade with South America

• Increasing tariffs on European goods

• Promoting trade with African countries

• Bringing actions at the WTO, especially against China

What was the purpose of the International Trade Enforcement Center?

• To centralize resources for making complex trade cases

• To negotiate new trade agreements

• To promote international tourism

• To reduce tariffs on imported goods

What was a key achievement of the International Trade Enforcement Center?

• Bringing systemic cases to address market distortions

• Promoting trade with African countries

• Increasing tariffs on European goods

• Reducing trade with China

What is a potential challenge of moving from a trilateral to a bilateral NAFTA agreement?

• More trade with European countries

• Increased tariffs on Canadian goods

• Loss of integrated North American production

• Simplified trade negotiations

What did Canada and Mexico gain from the TPP?

• Higher tariffs on exports

• Reduced trade with Europe

• Access to the Japanese market

• Exclusive trade rights with the US

How does currency impact trade deals according to the discussion?

• It has no impact on trade flows

• It simplifies international negotiations

• It affects trade flows and requires transparency among countries

• It only impacts domestic trade

What was unique about the TPP in terms of currency arrangements?

• It had no currency arrangements

• It allowed for currency manipulation

• It was the first to include a currency arrangement among member countries

• It focused solely on digital trade