Economist Schmieding Says Trade Won’t Bring U.S. Bear Market

What potential impact did David Kostin from Goldman Sachs suggest a 10% tariff on Chinese imports could have?

• Boost US economic growth

• Increase Chinese exports

• Cause the S&P 500 to enter a bear market

• Strengthen the US dollar

Why is the US economy considered insulated from trade disturbances?

• Because of increased exports to Europe

• Due to strong domestic stimulus from deregulation and tax reforms

• As a result of higher interest rates

• Owing to a decrease in domestic consumption

How might China respond if forced to stimulate its economy due to trade tensions?

• Reduce domestic consumption

• Strengthen the yuan

• Increase tariffs on US goods

• Reopen the credit taps

What is the general outlook on global growth despite trade tensions?

• Declining due to increased tariffs

• Uncertain because of fluctuating oil prices

• Positive due to strong fundamentals in major regions

• Negative due to emerging market crises

Which regions are expected to enjoy decent growth next year?

• US, Eurozone, and China

• Canada, Mexico, and Japan

• Africa, South America, and Australia

• Middle East, India, and Russia