Trump's Trade Philosophy Has Been Underestimated, Pimco Says

The video discusses the impact of tariffs on consumer goods, highlighting that 20% of the products affected are direct consumer goods, while 40% are intermediate goods. It explores the potential for businesses to pass on increased costs to consumers and the broader economic implications, including the possibility of breaking global supply chains. The discussion also touches on the political motivations behind the tariffs, particularly President Trump's consistent stance on trade and the potential for these measures to counter China's global rise.

What percentage of the product list is made up of direct consumer goods?

• 10%

• 20%

• 30%

• 40%

What is one potential consequence of the tariffs mentioned in the second section?

• Decrease in US job creation

• Strengthening of global supply chains

• Reduction in Chinese imports

• Disruption of supply chain systems

How much were the tariffs expected to increase by the end of the year?

• From 5% to 15%

• From 10% to 25%

• From 15% to 30%

• From 20% to 35%

What has been a consistent belief of President Trump regarding trade?

• Tariffs are unnecessary in modern trade

• China should lead the global economy

• The US is getting short shrift on trade

• The US benefits greatly from current trade deals

What historical event is mentioned as part of Trump's trade discussions?

• The signing of the Paris Agreement

• The formation of the European Union

• The Plaza Accord

• The Kyoto Protocol