U.S. Goods Trade Deficit Widens to Five-Month High of $72.2 Billion

U.S. Goods Trade Deficit Widens to Five-Month High of $72.2 Billion

Assessment

Interactive Video

Business

University

Hard

Created by

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The video discusses the widening US trade deficit, focusing on the impact of tariffs on trade balance and GDP. It highlights changes in inventory levels due to pre-tariff buying, particularly in soybeans, steel, and aluminum. The discussion also covers the US strategy towards China, including potential additional sanctions, and the ongoing trade dispute.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the trade balance reported for July?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the wholesale inventory numbers change month on month?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact do tariffs have on the overall GDP numbers according to the discussion?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the trend observed in soybean exports earlier in the year?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential action regarding sanctions on China was mentioned?

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