U.S. Trade Deficit With China Less Than Statistics Show, Says EFG's Murray

The video discusses the ongoing trade conflicts, particularly between the US and China, and their potential impacts on global trade relations and economic growth. It highlights the effects of trade tariffs on inflation and the complexities of the US-China trade deficit. The discussion also touches on America's hegemonic status and the inevitable rise of China's economy.

What has been the trend in global trade relations over the past seven decades?

• Significant decline

• Continuous improvement

• Stagnation

• Fluctuating growth

What is a likely consequence of imposing tariffs on goods?

• Increase in inflation

• Decrease in inflation

• Reduction in trade linkages

• Stabilization of prices

How does the US calculate its trade deficit with China compared to China's calculation?

• China calculates a higher deficit

• The US calculates a higher deficit

• The US calculates a lower deficit

• Both calculate the same deficit

What is one reason for the discrepancy in trade deficit figures between the US and China?

• Different accounting standards

• Differences in economic size

• Goods passing through third countries

• Currency exchange rates

What is a potential future scenario for the Chinese economy according to the discussion?

• It will face a significant recession

• It will merge with the EU economy

• It will remain smaller than the US economy

• It will become the largest economy in the world