FedEx CEO Says Trade War More Complex Than People Think

The video discusses the potential for a trade deal between the US and China at the G20 meeting in Buenos Aires. It explores the implications if the deal does not materialize, including the US imposing additional tariffs on Chinese goods. The discussion covers the impact of these tariffs on the renminbi and the broader economic reactions. The complexity of trade relations is highlighted, emphasizing that while the world will adapt, significant changes are expected.

What is the main goal for the G20 meeting in Buenos Aires according to the speaker?

• To negotiate with the European Union

• To address global poverty

• To finalize a trade deal with China

• To discuss climate change

What might the United States do if a trade deal with China is not reached?

• Withdraw from the G20 meeting

• Reduce tariffs on Chinese goods

• Impose additional tariffs on Chinese goods

• Increase trade with Europe

What is one potential effect of the United States imposing additional tariffs on Chinese goods?

• Decrease in US imports

• Diminution of the renminbi

• Strengthening of the renminbi

• Increase in Chinese exports

How have the effects of tariffs been mitigated according to the speaker?

• Through government subsidies

• Through increased trade agreements

• By currency value reduction

• By reducing production costs

What does the speaker imply about the complexity of the trade situation with China?

• It is primarily a political problem

• It is solely a financial issue

• It is more complex than it appears

• It is straightforward and easy to resolve