Mulroney: Anti-Trade Talk Is Damaging to U.S.

The video discusses the historical impact of tariffs, highlighting the 1930s recession. It argues that NAFTA has significantly benefited North American economies by creating jobs and boosting GDP. The Trans-Pacific Partnership (TPP) is seen as a visionary trade agreement, though its passage through Congress is unlikely due to the current political climate. The video also touches on the political discourse surrounding trade agreements, including criticisms from figures like Bernie Sanders and Donald Trump, and the improbability of certain promises, such as building a wall funded by Mexico.

What historical period is referenced to highlight the negative impact of tariffs?

• The 1950s

• The 1940s

• The 1930s

• The 1920s

What is one of the main benefits of NAFTA mentioned in the transcript?

• Reduced GDP

• Job creation

• Increased tariffs

• Higher unemployment

What has replaced many older industries in the US and Canada, according to the transcript?

• Increased tariffs

• Technological advancements

• New trade agreements

• Agricultural advancements

What is a potential benefit of the Trans-Pacific Partnership (TPP) as discussed?

• Decreased sovereignty

• Increased trade and economic growth

• Higher tariffs

• Reduced international cooperation

Why is the TPP unlikely to pass in the US Congress, according to the transcript?

• Economic downturn

• International opposition

• Political climate

• Lack of public support

Which political figure is mentioned as not defending NAFTA?

• Donald Trump

• Hillary Clinton

• Bernie Sanders

• George Bush

What is the likelihood of NAFTA being canceled, according to the transcript?

• Very high

• Low

• Moderate

• No chance