Sweeney: U.S. Protectionism a Major Shift for the World

The video discusses the potential for trade wars and protectionist policies under the Trump administration, highlighting the implications of border taxes and tax reforms. It examines the concept of ringfencing America and its possible effects on global stability and the Washington consensus. The discussion emphasizes the balance between domestic priorities and global engagement.

What is the likelihood of a full-blown trade war according to the discussion?

• Certain, as it has already been declared.

• Low, with no significant changes anticipated.

• Moderate, with some protectionist policies expected.

• Very high, as indicated by recent policies.

How does the Trump administration's approach to border taxes differ from traditional tariffs?

• It prioritizes free trade agreements.

• It aims to eliminate all tariffs.

• It involves adjustments in corporate tax reform.

• It focuses on retaliating against specific countries.

What is the main concern about the U.S. being perceived as 'ringfenced'?

• It would have no impact on international relations.

• It could lead to increased global cooperation.

• It might cause instability and change global behavior.

• It would strengthen the Washington consensus.

What does the term 'ringfence' imply in the context of U.S. economic policy?

• Isolating the U.S. from global economic influences.

• Expanding international trade agreements.

• Increasing foreign investments in the U.S.

• Promoting global economic integration.

What could be a potential outcome of the U.S. adopting an insular economic stance?

• Strengthened international alliances.

• Potential global instability and reduced engagement.

• Increased U.S. engagement in world affairs.

• Enhanced global stability.