Trade Resolution Is up to President Trump, Says Economist Furman

The video discusses the complexities of global trade dynamics, focusing on the US-China trade war, its impact on corporate strategies, and consumer confidence. It highlights China's economic tools and the broader ramifications on global markets, particularly emerging markets. The discussion extends to Europe's economic challenges and growth prospects, touching on populism and immigration. The video concludes with a debate on globalization's effects on the American working class, arguing its benefits in terms of consumer goods and job quality.

What is one of the main reasons for the increased uncertainty faced by businesses due to trade tensions?

• Unpredictable decisions by President Trump

• Rising consumer confidence

• Decreasing supply chain disruptions

• Stable corporate strategies

How is China potentially countering the trade surplus issue with the United States?

• Enhancing consumer confidence

• Increasing tariffs on US products

• Depreciating its currency

• Reducing bond sales

What is a significant consequence of the trade war on global equity markets?

• Strengthening of the Indian rupee

• Sell-off in Chinese and emerging markets

• Increased investment in the US

• Stability in emerging markets

Which region might China turn to as an alternative market due to the trade war?

• Africa

• South America

• Australia

• Europe

What is one argument against the motion that globalization undermines America's working class?

• Globalization increases the cost of consumer goods

• Globalization limits the variety of consumer goods

• Globalization reduces job opportunities

• Globalization supports better jobs with higher wages

How does globalization affect the price of consumer goods?

• Only affects luxury goods

• Has no impact on prices

• Decreases prices and increases variety

• Increases prices significantly

What is a potential benefit of globalization for workers?

• Lower wages in exporting jobs

• Higher wages in exporting jobs

• Fewer job opportunities

• Increased job insecurity