Exante Data CEO Views Trade as Consumption Surplus

The video discusses various aspects of international trade, focusing on common misconceptions about trade dynamics and the nature of trade deficits. It explains that trade deficits can be viewed as a consumption surplus, highlighting the complexity of economic interactions. The discussion also touches on historical perspectives, referencing Jacob Viner's work on mercantilism, and examines current US trade policies under the Trump administration, noting the differing views within the administration on trade strategies.

What is a trade deficit often viewed as, according to the discussion on trade dynamics?

• An advantage over other countries

• A zero-sum game

• A consumption surplus

• A sign of economic weakness

Which historical essay is mentioned in relation to mercantilism?

• Jacob Viner's 1948 essay

• Adam Smith's Wealth of Nations

• David Ricardo's Principles of Political Economy

• John Maynard Keynes' General Theory

What is the main concern regarding President Trump's trade policies?

• They are reminiscent of 17th-century practices

• They are too modern

• They ignore historical trade theories

• They focus too much on technology

Who is considered extremely hawkish on trade within the Trump administration?

• Wilbur Ross

• The US trade representative

• Jacob Viner

• President Trump

What would make the speaker more comfortable regarding the NAFTA deal?

• If it was handled by the US trade representative

• If it was negotiated by President Trump personally

• If it was managed by Wilbur Ross alone

• If it was postponed indefinitely