U.S. Handing Global Leadership to China, Says Sachs

The transcript discusses China's technological advancements and its growing global influence, particularly in relation to the US. It highlights the potential shift in global leadership from the US to China, driven by China's strategic initiatives like Made in China 2025. The conversation also covers US-China trade relations, emphasizing the trade surpluses of China and Germany with the US and the potential for new trade agreements excluding the US. The economic impact of US policies on global GDP and trade is analyzed, with concerns about trade retaliation and reduced US exports. Finally, advice is given to the US Senate on managing the current administration's approach to international relations.

What initiative is China pursuing to become a leader in cutting-edge technology?

• Made in China 2025

• Belt and Road Initiative

• Digital Silk Road

• China Dream

Which countries have substantial trade surpluses with the United States?

• Russia and Japan

• Brazil and India

• China and Germany

• Canada and Mexico

What is a potential risk for the US if it is excluded from international trade agreements?

• Stronger diplomatic ties

• Increased domestic production

• Loss of global influence

• Higher import tariffs

What is one effect of trade retaliation on the US economy?

• Rise in employment

• Reduction in exports

• Boost in GDP

• Increase in exports

What advice is given to Republicans in the Senate regarding their response to the President?

• Follow step-by-step

• Maintain a serious approach

• Ignore international relations

• Support all policies