Tariffs on Car Parts Would Have `Huge Impact,' Capital Economics Says

The transcript discusses the global economic risks, particularly focusing on the slowdown in China and potential threats from the US, including protectionism. It delves into the trade war, highlighting the escalating tensions and their implications for the global economy. The impact of tariffs on the EU, especially Germany, is examined, noting the potential disruption to car exports. The broader economic consequences, including effects on the US economy and multinational companies like BMW, are also considered, emphasizing the lose-lose nature of the situation.

What is one of the main risks mentioned that could affect the global economy?

• Increased tourism

• Protectionism

• Technological advancements

• Climate change

How does the speaker describe the current state of the trade war?

• It is resolved

• It is escalating

• It is stable

• It is de-escalating

Which country is mentioned as being heavily involved in the trade war?

• China

• Brazil

• Australia

• India

Which European country is likely to be most affected by car tariffs?

• France

• Italy

• Germany

• Spain

What could be a consequence of car tariffs for the US economy?

• Increased exports

• Job creation

• Layoffs

• Higher GDP