US Needs a New Trade Policy: Peterson Institute's Posen

The video discusses the need for a new US trade policy, highlighting the country's deglobalization since NAFTA and the impact of the China shock. It compares the US and Germany's manufacturing job losses and argues that political issues, not trade policy, are the main problem. The video also addresses extremism in trade policy views, suggesting that popular opinions can be misguided.

What is the main reason the speaker believes the US needs a new trade policy?

• The US has been too open to trade.

• The US has been deglobalizing since NAFTA.

• The US has a trade surplus.

• The US has increased manufacturing jobs.

How does the speaker compare the impact of the China shock on different countries?

• Only the US was affected by the China shock.

• All countries grew despite the China shock.

• Germany had no decline in manufacturing jobs.

• The China shock only affected rural areas.

What does the speaker identify as the real issue behind the US's trade challenges?

• The US's technological advancements.

• The US's environmental policies.

• The US's political system.

• The US's trade policy.

What does the speaker suggest about the political stance on trade in Washington?

• There is no need for political change.

• Trade policies are unanimously agreed upon.

• Extremism is the majority position.

• There is a clear middle ground on trade.

According to the speaker, what is sometimes wrong despite being popular?

• Popular views.

• Environmental policies.

• Congressional decisions.

• Technological advancements.