Summers: 'Ludicrous' to Name China an FX Manipulator

The transcript discusses the potential actions President-elect Trump could take regarding trade, particularly with China and Mexico. It highlights the authority the president has on trade matters and the bipartisan consensus on addressing abuses in trade law. The text criticizes the idea of naming China a currency manipulator and repealing NAFTA, noting the economic damage these actions could cause. It also examines the impact of Trump's rhetoric on the Mexican peso and trade flows, suggesting that the rhetoric has already caused significant economic effects. The transcript concludes by questioning the benefits of proposed trade policy adjustments and the concept of building a wall.

What actions can President-elect Trump take regarding trade authority?

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What are the potential consequences of naming China a currency manipulator?

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What economic damage could result from repealing NAFTA?

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How has Trump's rhetoric affected the Mexican peso?

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What are the implications of building a wall on trade flows?

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