Why Michigan Gov. Snyder Doesn’t Want to See a Trade War

The transcript discusses Michigan's trade relations with Canada and Mexico, focusing on the potential impact of a proposed border tax. It highlights the importance of balancing trade policies to avoid negative economic consequences, such as a trade war. The role of private sector companies in trade success and economic opportunities is emphasized, particularly in industries like aerospace and automotive. The potential for higher consumer prices due to the border tax is considered, alongside Michigan's recent economic growth driven by exports.

What is a potential risk of enacting a border tax according to the discussion?

• Increased trade with Canada

• Improved economic growth

• A trade war with negative consequences

• Lower consumer prices

Why is it important to involve private sector companies in trade discussions?

• They can provide insights into successful trade practices

• They have no impact on trade policies

• They can reduce trade with Mexico

• They can increase consumer prices

What industry is mentioned as having new economic opportunities with Canada?

• Aerospace industry

• Agriculture industry

• Pharmaceutical industry

• Textile industry

What is a possible outcome of implementing a border tax?

• Higher prices for consumers

• Lower prices for consumers

• Increased exports

• Stronger trade relations

What has been a strong engine for Michigan's economic growth?

• Imports

• Exports

• Real estate

• Tourism