With increasing tensions between the US and China, we've seen the US restrict imports from China, ranging from aluminum to cars. From the perspective of the US we'll see that the real exchange rate: a. increases and NX remains unchanged
b. decreases and NX decreases
c. increases and NX decreases
d. increases and NX increases
e. decreases and NX remains unchanged

Churchill had to describe a major military disaster and warn of a possible invasion attempt by the Nazis, without questioning the eventual victory. He also wished to reiterate a policy and an unchanged objective - despite the intermediate events - of his speech on May 13, in which he had declared the goal of "victory, no matter how long and difficult the road".

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