Former Trade Rep. Froman Says Globalization Is Not Dead

The video discusses the current state of multilateralism and globalization, emphasizing that globalization is not dead despite the US stepping back from some international trade commitments. It highlights China's active role in trade negotiations and the UK's efforts post-Brexit. The status of the TPP is explored, noting that other countries may proceed without the US. The video also examines trade deficits, US policy under Peter Navarro, and the potential implications of imposing tariffs, including international retaliation and consumer impact.

In what ways does the text suggest that other countries are responding to U.S. trade policies?

What are the potential second and third order implications of proposed trade policies mentioned in the text?