Economist Mann Says Trade War Could Lower U.S. Growth to 1% in 2020

The video discusses the impact of a global trade war on GDP growth, focusing on tariffs on Chinese products, German and Japanese automobiles, and Mexican goods. It evaluates the potential effects on global growth, market corrections, and the role of uncertainty in undermining investment. The discussion extends to the possibility of a global recession similar to the financial crisis, with political implications in an election year. Future scenarios are considered, emphasizing the importance of market sentiment and the threat of tariffs.

What is the projected impact of tariffs on global growth according to the video?

• 50 basis points reduction

• 25 basis points reduction

• 10 basis points increase

• No impact

Which of the following is a potential consequence of tariffs discussed in the video?

• 10% global equity market correction

• Stability in equity markets

• Increase in global GDP

• Decrease in unemployment

How does uncertainty affect global GDP as per the video?

• It has no effect

• It reduces real investment

• It increases consumption

• It boosts investment

What is the expected growth rate for the US in 2020 if trade tensions persist?

• 1%

• 2%

• 3%

• 0%

What is the video’s perspective on the potential resolution of trade tensions?

• No change in current policies

• Escalation into a trade war

• A ceasefire without removing tariffs

• Complete removal of tariffs