Words Carry Weight, Says JPMorgan’s Frenkel on Trade

The video discusses the implications of US trade policies, focusing on protectionism and its potential global impact. It highlights the importance of economic growth, innovation, and open markets, while warning against trade wars. The discussion includes the need for policy solutions and education to address the challenges posed by technological change and trade, emphasizing the importance of moderate and sensible views in shaping future trade policies.

What are the two interpretations of the U.S. President's decision to impose steel tariffs?

• Trade liberalization and fiscal policy

• Isolationism and technological advancement

• Economic growth and market expansion

• Increased protectionism and a negotiation tactic

According to the IMF, what is the current state of global economic growth?

• All regions are in decline

• Growth forecasts have been revised upwards

• Protectionism is on the rise

• Trade wars are inevitable

What is the potential consequence of implementing real protectionist measures?

• A trade war where everyone loses

• Improved international relations

• Economic prosperity

• Increased innovation

What should be the focus instead of protectionism, according to the discussion?

• Increasing tariffs

• Recognizing the benefits of trade

• Reducing fiscal policies

• Limiting market access

What is suggested as a necessary action to prevent people from being left behind due to technological change and trade?

• Reducing innovation

• Improving skills and education

• Limiting trade agreements

• Increasing tariffs