CLEAN : US China trade war has negative repercussions globally: UN

The video discusses the increasing effects of tariffs, highlighting how consumers are impacted by higher prices. It examines the changes in China's export prices and the regional trade shifts involving countries like Taiwan, Japan, Korea, Vietnam, and Mexico. The discussion concludes with the global economic repercussions of trade wars between major economies.

Who primarily bears the cost of tariffs according to the discussion?

• Exporters

• Consumers

• Government

• Retailers

What has been observed about Chinese export prices in response to tariffs?

• They have remained unchanged.

• They have decreased more than the tariff.

• They have decreased but not as much as the tariff.

• They have increased significantly.

Which region is mentioned as gaining significantly from the tariffs?

• India

• Brazil

• Mexico

• Australia

What is a potential global consequence of a trade war between the two largest economies?

• Stability in global markets

• Negative repercussions on the global economy

• Positive economic growth

• Increased global trade

Despite increased exports, why might some countries not gain in net terms?

• Due to increased import costs

• Because of currency fluctuations

• Because of global economic downturns

• Due to higher tariffs on their exports