Kroszner: Direct Impact of Tariffs Has Been Very Small

The video discusses the potential impact of a US-China trade deal on global growth, highlighting that while it could be positive, it is not a solution to the global economic slowdown. The trade dispute involves complex issues like intellectual property and enforcement mechanisms, making resolution challenging. Despite uncertainties, the direct impact of tariffs has been modest. Renegotiating trade agreements like NAFTA may help but is not the main factor affecting global growth, which has slowed due to decreased investment and consumption outside the US.

What is considered the smallest aspect of the US-China trade dispute?

• Intellectual property

• Soybeans and cars

• Enforcement mechanisms

• Chinese legal system

What is a major challenge in enforcing trade agreements related to technology?

• Counting the number of cars

• Measuring technology transfer

• Reducing tariffs on autos

• Buying more soybeans

How have global growth estimates changed despite trade tensions?

• They have plummeted drastically

• They have decreased but remain relatively strong

• They have increased significantly

• They have remained stable

What was a key characteristic of the global economy in 2017?

• Synchronized growth

• Rapid decline

• Stagnation

• Unilateral growth

Which region experienced faster growth in 2018 despite a global slowdown?

• Europe

• Asia

• United States

• Africa