Navarro: What's Good for GM Isn't Good for U.S. Workers

The video discusses the impact of US-based multinationals on the American economy, highlighting issues such as job loss and GDP decline due to trade policies and manufacturing shifts. It critiques trade deals like NAFTA and TPP, arguing they harm US industries, particularly manufacturing and the auto sector. The video also contrasts economic strategies, advocating for trade and tax reforms to address these challenges, and criticizes past policies for increasing national debt. It emphasizes the need for fair trade to eliminate the trade deficit and boost economic growth.

What was the annual GDP growth rate in the US before China joined the World Trade Organization?

• 4.0%

• 1.8%

• 3.5%

• 2.5%

Which sector's contribution to the US GDP has been declining for decades?

• Agriculture

• Manufacturing

• Finance

• Technology

How many additional jobs are created in the economy for every job in the auto industry?

• Seven

• Five

• Nine

• Three

What is one of the key strategies proposed to bring back jobs to the US?

• Increasing tariffs

• Lowering the corporate tax rate

• Subsidizing exports

• Increasing minimum wage

Which two industries are expected to be hardest hit by the TPP?

• Healthcare and Education

• Auto and Auto Parts

• Agriculture and Energy

• Technology and Finance

What is the main criticism of the TPP according to the transcript?

• It limits technological advancements.

• It reduces foreign investments.

• It transfers manufacturing to Asia.

• It increases tariffs on imports.

What is the ultimate goal of the proposed trade policies?

• To maintain the current trade deficit

• To double the trade deficit

• To eliminate the trade deficit

• To increase the trade deficit