2019 Wrap-Up: A Little Progress And A Lot Of Chaos For Trade Policy

The video discusses President Trump's trade policies, focusing on the US-China trade war and the transition from NAFTA to the USMCA. It highlights the temporary truces and negotiations between the US and China, as well as the political challenges faced in passing the USMCA. The video also touches on the US trade deficit and potential future trade conflicts, particularly with the European Union.

What was the outcome of the US-China trade negotiations by the end of the year?

• No agreement was reached

• The trade war escalated further

• A phase one trade deal was signed

• A complete resolution of all trade issues

What was the main challenge in getting the USMCA agreement approved?

• Opposition from the democratically controlled House

• Lack of support from Canada

• Economic downturn in the US

• Disagreements with Mexico

How did the US trade deficit change compared to the previous year?

• It increased significantly

• It decreased significantly

• It was completely eliminated

• It remained about the same

Which region might become the next target of US tariffs according to U.S. trade Representative Robert Light Heiser?

• Australia

• European Union

• South America

• Africa

What was one of the reasons for the shift in US trade partnerships?

• Shifting business from China to other parts of the world

• A new trade agreement with Africa

• A decrease in global trade activity

• Increased tariffs on European goods