Trade Tensions Have Taken a Toll on Chile, Vice Minister of Trade Says

The video discusses the impact of the trade battle on Chile's economy, particularly focusing on copper exports. Chilean Vice Minister of Trade, Rodrigo Yanez, highlights a 9% decrease in trade and emphasizes the importance of market diversification and trade in services. The US-China agreement provides some certainty, but supply chain shifts may have long-term effects. Chile's extensive trade agreements covering 83% of global GDP offer flexibility to adapt to these changes. The country is closely monitoring shifts in supply chains, especially movements from China to Southeast Asia.

What is the primary export of Chile that has been affected by global trade tensions?

• Gold

• Copper

• Silver

• Iron

Which country is the main market for Chile's copper exports?

• India

• United States

• Germany

• China

What is one of the strategies Chile is using to improve its trade policy?

• Reducing exports

• Focusing solely on copper

• Diversifying markets

• Increasing tariffs

How has the US-China trade agreement impacted Chile's economy?

• It has increased uncertainty

• It has provided more market certainty

• It has led to a decrease in copper prices

• It has caused a trade deviation

What advantage does Chile have due to its trade agreements covering a large portion of global GDP?

• Flexibility to shift markets

• Increased tariffs

• Dependency on a single market

• Limited market access