U.S-EU Trade War to Be More Devastating Than China: Goldman's Barroso

The video discusses the critical nature of the trade relationship between the European Union and the United States, emphasizing the need for compromise to avoid a trade war. It highlights the significance of the Transatlantic Trade and Investment Partnership, initially launched with President Obama, but not pursued by the subsequent US administration. The discussion shifts to the broader implications of US-China trade tensions, which are seen as a long-term competition involving technology and defense issues, with bipartisan support in the US for a tough stance on China.

Why is the trade relationship between the EU and the US considered more significant than others?

• It is based on historical ties.

• It involves more countries.

• It is the oldest trade relationship.

• It surpasses the trade volume with China.

What was the Transatlantic Trade and Investment Partnership (TTIP) intended to achieve?

• Increase tariffs between the US and EU.

• Reduce trade barriers with Asia.

• Establish a trade agreement between the US and EU.

• Promote trade between the US and China.

What was the stance of the new American administration regarding the TTIP?

• They fully supported it.

• They decided not to pursue it.

• They expanded it to include more countries.

• They focused on trade with Asia instead.

What is the primary focus of the US-China competition?

• Only trade tariffs.

• Technological supremacy and defense.

• Cultural exchange programs.

• Environmental policies.

What is the general consensus in the US regarding China?

• To ignore technological competition.

• To maintain a tough stance.

• To be lenient on trade policies.

• To form a strong alliance.