Guerra comercial de Trump costaría US$470.000 millones

Guerra comercial de Trump costaría US$470.000 millones

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the economic impact of tariffs on world GDP, estimating a cost of around half a percent, equivalent to $470 billion in 2020. It explains how tariffs lead to higher inflation and reduced household consumption, particularly affecting the US and its close trading partners like Canada and Mexico. The initial shock of inflation fades, but long-term consequences of reduced openness persist, negatively impacting global trade. No major economy benefits from a trade war, and a broader global trade conflict could result in a 2% reduction in world GDP.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cost of a 0.5% world GDP impact in 2020?

480 billion U.S. dollars

470 billion U.S. dollars

500 billion U.S. dollars

450 billion U.S. dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does lifting tariffs primarily affect the global economy?

By reducing inflation

By increasing import costs

By increasing export opportunities

By boosting household consumption

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are most affected by the tariff-induced economic shock?

China and Japan

Canada and Mexico

India and Brazil

Germany and France

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the long-term consequence of reduced openness in trade?

Increased technological adoption

Higher global GDP

Loss of new ideas and technologies

Improved trade relations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact on world GDP if a global trade war occurs?

No significant impact

Close to 2% reduction

Close to 1% reduction

Close to 3% reduction