Wilbur Ross Offers Solutions for U.S. Free Trade

The video discusses global trade issues, focusing on the Brexit vote and US trade strategies. It proposes reforms for trade agreements, such as setting clear expectations, implementing automatic lookback mechanisms, and ensuring simultaneous concessions. The video critiques existing agreements like NAFTA, highlighting job losses and trade deficits with countries like Mexico and South Korea. It emphasizes the importance of understanding trade deficits, noting that net exports matter more than gross exports.

What are the expectations that both sides should announce at the time of signing a trade agreement?

What is the proposed mechanism for addressing lopsided trade agreements after five years?

How should concessions be made according to the speaker?

What issues does the speaker identify with the World Trade Organization's dispute mechanisms?

What does the speaker suggest is more important than gross exports?