President Trump Promised New, Better Trade Deals. Has He Delivered?

President Trump Promised New, Better Trade Deals. Has He Delivered?

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Social Studies, Business

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Hard

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President Trump aimed to reshape U.S. trade policy, focusing on renegotiating NAFTA into USMCA and establishing a phase one trade deal with China. The USMCA awaits Canada's ratification and is expected to have a modest impact on GDP. The China deal's success depends on future commitments. Despite these efforts, the U.S. trade deficit remains similar to pre-Trump levels, with tariffs increasing federal revenue but primarily affecting U.S. importers.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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