CLEAN : We are very close to a trade war says EU's top trade official

The video discusses the misuse of trade interests, highlighting the risks of an impending trade war, which could lead to unemployment and reduced economic growth. It emphasizes the importance of adhering to WTO rules and forming coalitions with like-minded countries to address these issues.

What is the main concern regarding the use of certain interests in trade?

• They can lead to a trade war.

• They are beneficial for economic growth.

• They are compatible with WTO rules.

• They are supported by all countries.

What is a key consequence of a trade war mentioned in the video?

• Increased international cooperation.

• Higher employment rates.

• Unemployment and less economic growth.

• Stronger economic ties between countries.

According to the video, what is the nature of a trade war?

• It benefits all involved parties.

• It has clear winners and losers.

• It results in only victims, not winners.

• It strengthens international relationships.

How are the countermeasures described in relation to WTO rules?

• They violate WTO rules.

• They are irrelevant to WTO rules.

• They are compatible with WTO rules.

• They are ignored by WTO.

What is the proposed action to address the trade issue at the international level?

• Unilateral action by one country.

• Forming a coalition of like-minded countries.

• Relying solely on domestic policies.

• Ignoring the issue.