Herro Says `Better Trade System' Could Ensue as Tariffs Take Effect

The video discusses the economic impacts of trade wars, focusing on inflation, currency fluctuations, and the role of the US dollar and yen. It highlights the potential for a better global trade system as a result of these conflicts. Additionally, it addresses the significant issue of intellectual property theft, particularly involving China, and suggests that resolving these skirmishes could lead to positive outcomes for global trade.

Which currencies are likely to benefit from trade wars according to the discussion?

• Peso and Lira

• Euro and Pound

• Dollar and Yen

• Renminbi and Rupee

What is the main goal behind the US trade policy as discussed in the video?

• To strengthen the US dollar

• To create a more open global trade system

• To increase tariffs on imports

• To isolate the US from global trade

What potential positive outcome is mentioned regarding the trade skirmishes?

• Increased tariffs

• A better global trade system

• Stronger US economy

• Weaker global currencies

What major issue outside of trade is highlighted in the discussion?

• Labor rights violations

• Environmental concerns

• Intellectual property theft

• Currency manipulation

How could resolving intellectual property issues impact the trade war?

• It would unravel the negatives of a trade war

• It would increase tariffs

• It would strengthen the renminbi

• It would lead to more skirmishes