The Economics of Donald Trump: Foreign Trade

The video explores Trump's protectionist trade policies, emphasizing local production over imports. It discusses the benefits and drawbacks of trade and globalization, highlighting comparative advantage. The video contrasts unilateral and bilateral trade agreements, noting Trump's preference for bilateral deals due to their fairness and enforceability. It concludes with an overview of Trump's economic policies, typical of modern Republicans, focusing on local industry and neoclassical economics.

What is Trump's general mindset regarding foreign trade policies?

What are the potential advantages and disadvantages of protectionist policies?

In what ways can trade agreements impact local industries and jobs?

What is the concept of comparative advantage and how does it relate to trade?

How does Trump view unilateral trade agreements compared to bilateral agreements?

Why does Trump prefer bilateral trade agreements over unilateral ones?

What are some criticisms of Trump's economic policies in relation to trade?