Steel, Aluminum Tariffs Are 'Losing Proposition' for Trump Administration, Says NFTC President

Steel, Aluminum Tariffs Are 'Losing Proposition' for Trump Administration, Says NFTC President

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the complexities and secrecy of international trade agreements, focusing on enforcement issues and tariffs. It highlights challenges in cloud storage and foreign ownership in China, and the political and economic pressures on American farmers. The video also covers USMCA ratification issues and the impact of the US withdrawal from TPP on global trade relations.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major issue in the negotiation of international trade agreements as discussed in the video?

Excessive media coverage

Lack of transparency

Too many stakeholders

Overly simple agreements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are U.S. companies hesitant to enter the Chinese market, according to the video?

High taxes

Cultural differences

Requirement for minority ownership

Lack of demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor that U.S. companies want in trade agreements with China?

More subsidies

Foreign ownership rights

Lower labor costs

Increased import quotas

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main pressures on the U.S. administration regarding trade agreements?

Increasing tariffs on luxury goods

Reducing trade with Canada

Improving relations with Europe

Addressing the impact on American farmers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge for U.S. farmers due to current trade policies?

Lack of technological advancement

Increased competition from local markets

Loss of significant export markets

Higher production costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a consequence of the U.S. withdrawing from the TPP?

Higher tariffs on U.S. goods

Increased exports to Europe

Loss of preferential trade deals

Improved relations with China

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy does the video suggest the U.S. should adopt to improve trade relations?

Increase tariffs on all imports

Re-engage in multilateral trade deals

Focus solely on bilateral agreements

Limit trade to neighboring countries