Trump Auto Tariffs to Hit U.S. Consumers 'Quite Hard,' Peterson's Lovely Says

What is one potential negative impact of tariffs on the US economy mentioned in the video?

• Exclusion from fast-growing markets

• Increased access to global markets

• Decreased costs for producers

• Strengthened economic ties with China

According to the video, what is a common belief about the US economy's ability to handle current economic challenges?

• It will collapse under any pressure

• It is strong enough to withstand short-term issues

• It is dependent on Chinese economic growth

• It is too weak to handle any challenges

What does the video suggest about the role of the WTO in resolving trade disputes?

• The WTO has no influence on international trade

• The WTO can enforce rules with its own army

• The WTO is ineffective without member cooperation

• The WTO can unilaterally resolve disputes

What is a potential consequence of the US's protectionist policies as discussed in the video?

• Improved relations with all trading partners

• Immediate resolution of trade disputes

• Increased competitiveness of the US economy

• Strained relations with multiple trading partners

How might upcoming tariffs on automobiles affect American consumers according to the video?

• They will benefit from lower prices

• They will face higher costs

• They will see no change in prices

• They will have more automobile options