Sen. Lankford Says Consumers Win With Low Prices From Around the World

The video discusses the complexities of US-China trade relations, highlighting concerns about protectionism and the impact on American businesses. It emphasizes the importance of open markets and fair trade, while addressing national security issues related to Huawei's technology and data access. The discussion includes perspectives on tariffs, intellectual property, and the need for secure communication systems.

What is a major concern expressed by Fred Smith regarding the US's trade position?

• The US is focusing too much on technology exports.

• The US is becoming too dependent on imports.

• The US is adopting a protectionist stance.

• The US is not exporting enough agricultural products.

What is the suggested approach to achieve fair trade according to the second section?

• Focusing solely on domestic production

• Negotiating to lower or eliminate tariffs

• Increasing tariffs on all imports

• Restricting trade with non-allied countries

Why is it important to have interconnected supply chains, as mentioned in the second section?

• To increase domestic production

• To ensure low prices and consumer benefits

• To reduce dependency on foreign markets

• To focus on exporting agricultural products

What is a key concern regarding Huawei's technology?

• Its limited availability in the US market

• Its focus on outdated technology

• Potential backdoors for unauthorized access

• Its high cost compared to competitors

What is a potential risk if foreign actors access communication data?

• Increased production costs

• Loss of market share

• National security threats

• Higher tariffs on exports