CLEAN : US shooting itself in foot (Mexican minister on tariff hikes)

The video discusses the importance of trade relations between countries, particularly focusing on the trade dynamics between the US, Canada, and Mexico. It highlights the benefits of open markets and trade liberalization, emphasizing that trade is crucial for economic growth, job creation, and prosperity. The video concludes with a call for maintaining open trade policies despite rising protectionism.

What is the main reason Mexico is seeking exclusion from certain trade measures?

• To protect its cultural heritage

• To avoid economic harm from trade restrictions

• To increase its steel exports

• To strengthen political ties with the US

What message is conveyed by supporting open markets and trade liberalization?

• A dedication to long-term peace and prosperity

• A focus on short-term gains

• A commitment to economic isolation

• A preference for protectionist policies

How has trade contributed to economic growth over the past six decades?

• By promoting isolationist policies

• By reducing job opportunities

• By limiting international cooperation

• By ensuring peace and stability

Which of the following is NOT mentioned as a benefit of trade?

• Economic growth

• Job creation

• Cultural exchange

• Promoting prosperity

What is the significance of the phrase 'policy orthodoxy of trade'?

• Trade is a traditional approach to economic growth

• Trade is a new concept in economic policy

• Trade is irrelevant to modern economies

• Trade is harmful to job creation