Trump Has a Number of Things Wrong on Trade Says Irwin

The video discusses the complexities of trade agreements, focusing on the challenges of renegotiating NAFTA and the implications of macroeconomic policies on trade deficits. It highlights the concept of comparative advantage, emphasizing that trade is mutually beneficial. The discussion also covers President Trump's evolving stance on trade, potential actions, and concerns about future trade policies, including the border tax and NAFTA withdrawal.

What are the potential consequences of the president's macro policies on trade deficits?

How does the speaker describe the relationship between trade and comparative advantage?

What is the significance of the statement that trade is not a zero-sum game?

In what ways does the speaker believe trade can be mutually beneficial?

What concerns does the speaker express regarding the president's potential actions on trade?