Trade War Looks Like the New Normal, LSE's Pissarides Says

The transcript discusses the ongoing trade war and its potential to become a new normal, possibly evolving into a tech war. It highlights the US's discomfort with China's rise under President Trump and the political motivations behind tariff threats. The discussion also covers the economic impact of these tariffs, suggesting that the US economy might not be as affected as others. The political strategy of showcasing economic injury before elections is also explored, with a focus on the potential benefits in the future.

What is suggested as a potential new normal in the coming years?

• A decline in technological advancements

• A peaceful global economy

• A rise in international cooperation

• Trade and tech wars

What is the primary motivation behind the United States' trade war with China, according to the transcript?

• Technological advancements

• Environmental concerns

• Pride and political strategy

• Economic necessity

How does the United States view China's rise to prominence?

• With indifference

• As an opportunity for partnership

• With discomfort

• As a positive development

What might the United States use the trade war for in the context of the upcoming presidential election?

• To improve international relations

• To gain political advantage

• To boost the economy

• To reduce technological dependency

What is the potential impact of the trade war on the US economy compared to other economies?

• It will equally affect all economies

• It will hurt other economies more

• It will hurt the US economy more

• It will have no impact on any economy