How Trump's Trade Policies May Impact the Global Economy

The video discusses the potential impacts of Trump's economic and trade policies, focusing on the risks of protectionist measures and their global ramifications. It highlights the possible collapse of the multilateral trading system, leading to a global recession. The discussion also draws parallels with Brexit, considering how the UK might navigate a world of rival trading blocks. The video speculates on the future of global trade, emphasizing the importance of maintaining a free trade environment.

What are some potential positive aspects of Trump's fiscal policy?

• Increased government spending

• Lower taxes

• Protectionist trade measures

• Higher tariffs

What could be a consequence of a protectionist trade war initiated by Trump?

• Strengthening of NAFTA

• Increased global cooperation

• Collapse of the multilateral trading system

• Improved relations with China

What might happen if the US withdraws from the WTO?

• Strengthening of global trade rules

• Severe global economic consequences

• Increased US exports

• Improved US-China relations

How might the UK perceive Trump's victory in terms of trade?

• As a reason to strengthen ties with the EU

• As an opportunity for special treatment

• As a threat to their economy

• As a sign to increase tariffs

What is a potential global implication of rival trading blocks forming?

• Increased global free trade

• Stronger ties between the US and Europe

• A unified global trading system

• A more isolated UK