NEC's Kudlow on Jobs Report, Investment Boom, China Tariffs

The video discusses the current state of the US labor market, highlighting a solid jobs report and potential slack in the workforce. It examines the supply side response and investment boom driven by tax cuts, noting early signs of increased productivity. The discussion shifts to China's weakening economy, currency issues, and the US's strategic trade approach, emphasizing tariffs and negotiations with China and the EU. The potential for bilateral talks between President Trump and President Xi is also explored.

What is the estimated range of people outside the prime age workforce in the U.S.?

• 22 to 25 million

• 15 to 18 million

• 10 to 12 million

• 5 to 8 million

What was a key intention of the U.S. tax cut plan for businesses?

• Increase in import tariffs

• Reduction in personal income tax

• 21% corporate rate and full expensing

• Subsidies for small businesses

What is one of the reasons for the currency fall in China?

• Defending the yuan

• Rising export rates

• Increased foreign investments

• Money leaving China

What is the U.S. administration's strategy towards China in trade negotiations?

• Exerting maximum pain on the Chinese economy

• Reducing tariffs on Chinese imports

• Increasing import tariffs on European goods

• Strengthening the Chinese currency

Which region has the U.S. made significant trade progress with recently?

• Africa

• European Union

• Middle East

• South America

What is a potential outcome of President Trump's bilateral discussions?

• Complete withdrawal from NAFTA

• A grand deal to open up markets

• Increased tariffs on all imports

• Strengthening of the Chinese economy

What is the U.S. stance on tariffs according to the discussion?

• Subsidies for Chinese imports

• Tariffs only on European goods

• Increased tariffs on all imports

• No tariffs, barriers, or subsidies