Commerce Sec. Ross Hasn't Taken Position on Border Tax

The transcript discusses the border adjustment tax, its potential impact on trade, and the complexities involved in its analysis. It also covers trade relations with Germany, highlighting the role of the EU and currency factors. The conversation touches on the impact of currency fluctuations, particularly the peso, on trade competitiveness. Finally, it examines how markets adjust to political changes, such as the Trump presidency, and their implications for trade.

What is the primary concern when analyzing the border adjustment tax?

• The potential trade implications

• Its impact on domestic employment

• The effect on consumer prices

• The influence on environmental policies

Why is trade with Germany considered more complex than with countries like Mexico or Canada?

• Germany has a larger economy

• Germany is part of the EU

• Germany exports more automobiles

• Germany has a higher trade deficit

What factor did Peter Navarro criticize regarding Germany's trade advantage?

• Germany's low labor costs

• Germany's advanced technology

• Germany's high export tariffs

• The euro being artificially low

How has the Mexican peso been affected by the U.S. presidential election?

• It has strengthened against the dollar

• It has remained stable

• It has weakened against the dollar

• It has fluctuated unpredictably

What does the devaluation of the peso in response to Trump's election suggest about market behavior?

• Markets rely solely on economic data

• Markets are driven by consumer confidence

• Markets adjust to perceived realities

• Markets are unaffected by political events