U.S. Trade Negotiations Aimed at Restructuring Supply Chains, Says Milken Institute’s Lee

The video discusses the US strategy of using tariffs to shift global supply chains, aiming to reduce trade deficits with China and promote high-wage manufacturing domestically. It explores the movement of production from China to countries like Vietnam and the economic division between the US and China. The video also examines trade data and economic indicators, highlighting the importance of China's economic growth for the global economy.

What is one of the main goals of the US trade policy as discussed in the first section?

• To increase imports from China

• To promote high-wage manufacturing in the US

• To reduce tariffs on European goods

• To eliminate trade agreements with allies

Which countries are mentioned as destinations for production shifts from China?

• Indonesia and Philippines

• South Korea and Japan

• Vietnam and Malaysia

• India and Thailand

What is a key factor in 21st-century trade and production according to the second section?

• Bilateral agreements

• High tariffs

• Scale economies

• Low labor costs

What does the third section suggest about the role of China's economy in the global market?

• It is declining in importance

• It is largely independent of other economies

• It is crucial for the health of the global economy

• It has minimal impact on European markets

What is a significant concern for the manufacturing sectors as per the latest trade data?

• Decline in manufacturing sectors

• Growth in agricultural exports

• Increase in domestic retail sales

• Rise in global oil prices