McLarty: Trump Is Right on New Trade Paradigm

The video discusses a new paradigm for trade, emphasizing fair trade and the interconnectedness of the global economy. It highlights the potential negative impacts of tariffs and supply chain disruptions on consumer prices and relationships with trading partners. The balance between keeping jobs onshore and maintaining stable consumer prices is explored. Various factors affecting economic growth, such as globalization, technology, and education, are considered. The video also examines NAFTA, suggesting that while it has been beneficial, there is room for reform to enhance trade fairness.

What is a potential consequence of imposing tariffs according to the discussion?

• Lower consumer prices

• Improved international relationships

• Increased job opportunities

• Disrupted supply chains

What is one of the challenges mentioned in balancing job retention with consumer prices?

• Increasing globalization

• Rising middle-class incomes

• Maintaining inflation

• Keeping jobs offshore

Which factor is NOT mentioned as affecting middle-class incomes?

• Healthcare

• Technology

• Education

• Globalization

What is suggested about NAFTA after 20 years?

• It should remain unchanged

• It should be updated

• It should be abolished

• It should be expanded to more countries

What is emphasized as essential for competitiveness in the global market?

• Increased tariffs

• North American integration

• Isolationist policies

• Reducing trade agreements