Former Trade Rep. Froman Says Globalization Is Not Dead

The video discusses the current state of multilateralism and globalization, emphasizing that globalization is not dead despite the US stepping back from some international trade commitments. It highlights China's active role in trade negotiations and the UK's efforts post-Brexit. The status of the TPP is explored, noting that other countries may proceed without the US. The video also examines trade deficits, US policy under Peter Navarro, and the potential implications of imposing tariffs, including international retaliation and consumer impact.

What is the main concern regarding the US's role in globalization?

• The US has no interest in international trade.

• The US is leading all trade agreements.

• The US might let other countries define trade rules.

• The US is the only country stepping back from trade.

What is the status of the Trans-Pacific Partnership (TPP) after the US withdrawal?

• It has been replaced by NAFTA.

• It is only active in the US.

• Other countries are continuing with it.

• It has been completely abandoned.

How might the rules from TPP influence future trade agreements?

• They may be incorporated into other agreements.

• They will only apply to the US.

• They will be used to create a new TPP.

• They will be ignored by all countries.

What is a potential consequence of the US imposing tariffs?

• It could lead to retaliatory actions by other countries.

• It will have no impact on international relations.

• It will only affect the US economy positively.

• It will reduce the cost of goods for US consumers.

Why are tariffs considered a tax on consumers?

• They decrease the price of domestic goods.

• They have no effect on consumer prices.

• They only affect government revenue.

• They increase the price of imported goods.