Trade wars, explained

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  • Published on:  Wednesday, June 6, 2018
  • Complex geopolitical maneuvering explained with Game of Thrones and . . . googly eyes.

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    Tariffs can be used as a useful tool to protect domestic industry or to serve as a punitive measure against another country. But President Trump’s bluster and threats of imposing tariffs on foreign imports to the US have raised the specter of a trade war with China, and more recently, Mexico.

    The “weapons” used in a trade war are the stuff we use everyday — the food we eat, the cars we drive to work and the computers we use. If a trade war can have such a pervasive impact on our daily lives, why would a country choose to engage in one? And what even is a trade war anyway?

    Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.

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  • Source: https://youtu.be/Iwa3vLoeNmQ
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Comment

  • Vox

     (Jun 6, 2018)

    Vox foreign affairs staff writer, Zeeshan Aleem (who appears in this video!) wrote about the widening gulf between the US and some of its largest trading partners. Read more: http://bit.ly/2LrFQuT

  • Bamugha Solomon

     (Aug 8, 2018)

    Vox please do a video about how countries nolonger want the dollar as the world reserve currency... Notably China. Because obviously the US benefits or holds great advantage over the world economy with this. And just asking... Is China wrong to want to trade in its own currency? They seem brilliant when you think about it.

  • Phily .Rodriguez

     (Jul 24, 2018)

    Very poorly produced vox. You missed the whole point on this explained video. I want unbiased news. Please.

  • Curiosity Culture

     (Jun 6, 2018)

    It's amazing how a few powerful people on the top can impact billions of ordinary people.

  • Kausar Ramdhani

     (3 days ago)

    Money talks so loud if you asked me

  • Hoang Van

     (Aug 23, 2018)

    Well, IT'S NOT in this case!

  • Chris Prouse

     (Jun 6, 2018)

    As a third-party Canadian to all this, who majored in econ... I think what's most troubling is the pretence under which the entire trade war began; there's a huge "trade deficit", and something needs to be done about it. When in reality, a trade deficit is more or less just a ledger somewhere that says you're buying more from a particular country than they buy from you. So if you happen to live in a country where there are super high rates of consumption, with a constant hungry demand for che...

  • Gazothor

     (Aug 11, 2018)

    Thats because McDonald's isn't buying from you to begin with However a real Trade War had Exports and Imports on both sides. And Trade deficit isn't just some ledger, that say "aw poop we buyin more from them" It means that we are buying at too high of a rate for goods that should be cheaper, because of all the Tariffs placed by the opposing country. So in order to get them to do what you want you need to place Tariffs back on them in return. You go back and forth with the country, and i...

  • Lashan

     (Jun 6, 2018)

    If all wars were fought with googly eyes the world would be a better place.

  • beta wave

     (Jul 6, 2018)

    Ivan Etcuban.Press F for respect.

  • Prit Singh

     (Jul 6, 2018)

    Brain Quake + I am an Indian .If you give me your sister, I will show you bob vagene.....

  • Fire And Blood

     (Jun 7, 2018)

    *Unfolds Game Of Thrones map*Me: wtf

  • DMC1

     (Oct 11, 2018)

    GoT is overrated. Not bad.

  • Van Hendrix

     (Jun 6, 2018)

    America VS World doesn't look good for America

  • Teringventje

     (Jul 8, 2018)

    Redsoxking dont forget the excessive amount of ignorance the nation also owns

  • Ødetøhamiltrash

     (Jul 7, 2018)

    Van Hendrix yeah

  • James Tang

     (Jun 6, 2018)

    I feel this "America First" policy when it comes to trade really damages America's soft power and already damaged credibility as a dependable partner after the Iraq WMD fiasco and the Iran deal. Imposing tariffs on US and NATO allies really hurts America on the diplomatic level. On the other hand, I believe many world leaders see this new "unpredictability" not as America's fault but Trump's and expect that once he ;eaves office, it'll be (mostly) business as usual.

  • The Unknown Fish

     (Nov 30, 2018)

    pp rr He obviously doesn’t know what his doing ffs 😤

  • Rightfully Owned

     (Nov 28, 2018)

    America’s economy is thriving. China is suffering at a level since the 2008 Great Depression. Take an L.

  • Super Smash Dolls

     (Jun 6, 2018)

    America First, America Worst

  • Rose BPOS

     (Jul 6, 2018)

    Super Smash Dolls You must be a deplorable?

  • kasra khatir

     (Jun 6, 2018)

    I'm actually Interested in seeing how long US can survive without Chinese trades. Who knows ? maybe it can create Jobs

  • Sara Jay

     (Feb 7, 2019)

    China is nothing to USA...Read history..

  • Gamecore

     (Nov 5, 2018)

    Yeah jobs where the workers have no rights and get paid like 1$ a week. Just like China.

  • Ned

     (Jun 6, 2018)

    Great video, but, please explain to me how changing country names to game of thrones names made any difference other than confusing it. On a topic which isn't even then confusing to begin with.

  • Rutger

     (Aug 10, 2018)

    Hate the analogy of GoT in this video although the message was clearly explained later.

  • Sofia Lui

     (Jul 29, 2018)

    This one is a lot easier to understand https://www.okclips.net/video/P2OhfgeAWb4/video.html