Who’s Winning the Trade War?

The video discusses the trade war between the US and China, focusing on key economic metrics such as the trade deficit, inflation, consumer confidence, and currency fluctuations. It highlights Trump's emphasis on the trade deficit as a measure of success, the impact of tariffs on inflation, and the mixed effects of a weaker yuan. The analysis suggests a draw in the trade war, with both countries experiencing economic challenges and advantages.

What is the primary metric used by Trump to assess whether the US is winning or losing economically?

• GDP growth

• Trade deficit

• Unemployment rate

• Stock market performance

How have tariffs affected consumer prices in the US?

• Prices have decreased by 1.6%

• Prices have remained stable

• Prices have increased by 1.6%

• Prices have increased by 3.2%

Why haven't higher tariffs in China affected consumer prices?

• Chinese consumers are unaffected by price changes

• China has absorbed the costs

• The tariffs were removed

• Tariffs are on industrial products, not consumer goods

What has been the trend in consumer confidence in the US and China?

• It has declined in both countries

• It has rebounded in both countries

• It has rebounded in China but not in the US

• It has rebounded in the US but not in China

What is one effect of a weaker yuan on Chinese exporters?

• It has no effect

• It increases their costs

• It provides a cushion against tariffs

• It reduces their competitiveness