Day One: What Can President Trump Do on Trade?

The video discusses the extent of presidential authority in trade matters without needing congressional approval, focusing on actions like terminating NAFTA and imposing tariffs on China. It explores the potential consequences of declaring China a currency manipulator, including negotiations and trade tensions. The impact of such trade policies on American companies and the economy is examined, highlighting mixed reactions across different regions. The video also addresses the possibility of retaliatory tariffs from other countries, emphasizing the need for careful consideration of international responses.

What allows the President to take significant trade actions without needing Congress's approval?

• Supreme Court rulings

• International trade agreements

• Delegated authorities from Congress

• The President's executive orders

What is a potential outcome of declaring China a currency manipulator?

• Initiation of negotiations with China

• Immediate trade sanctions

• Automatic tariff increases

• Dissolution of existing trade agreements

How might terminating NAFTA affect American companies?

• It could disrupt supply chains

• It would increase export opportunities

• It would have no impact

• It would lower production costs

What is a possible reaction from other countries if the US imposes tariffs?

• They might seek new trade partners

• They could impose retaliatory tariffs

• They would increase imports from the US

• They might ignore the tariffs

What is a potential risk of starting a trade war?

• Immediate resolution of trade disputes

• Increased global cooperation

• Strengthened international alliances

• Economic and political impacts on US industries