U.S.-China Dispute Escalated to Global Trade War, Alden Says

The transcript discusses the escalation of global trade tensions, particularly focusing on the US imposing tariffs on various countries, including China, Canada, Mexico, and the EU. It highlights the strategic intentions behind these tariffs, such as gaining negotiating leverage. The discussion also covers the potential global coordination against US tariffs and the impact on sensitive sectors like agriculture. The analysis suggests that while some coordination is visible, the situation remains fluid and could significantly affect the global economy.

What was one of the initial actions taken by the US that contributed to the global trade war?

• Imposing tariffs on imported steel and aluminum

• Banning all imports from China

• Increasing taxes on domestic products

• Reducing tariffs on European goods

What is one reason President Trump believed imposing tariffs would be beneficial?

• To decrease the US trade deficit

• To gain negotiating leverage with trading partners

• To increase domestic production costs

• To improve relations with North Korea

How did the Singapore summit potentially influence US-China trade relations?

• It increased tariffs on Chinese goods

• It led to a complete trade agreement

• It reduced the need for US reliance on China regarding North Korea

• It resulted in a military alliance

What strategy are countries like China and the European Union using to retaliate against US tariffs?

• Increasing tariffs on US technology

• Exact mirror retaliation

• Banning US agricultural products

• Reducing their own tariffs

Which sector is being targeted by other countries as a political vulnerability in the US?

• Agriculture

• Healthcare

• Technology

• Automobile