Understanding the US-China Trade War

The video explores the ongoing trade war between the US and China, highlighting the historical context, economic impacts, and potential resolutions. It delves into the origins of the trade tensions, China's economic rise, and the US's claims of unfair trade practices. The impact of tariffs on global trade and the economy is discussed, along with the potential for a phase one deal. The video also examines the tech industry's role, focusing on Huawei and the associated geopolitical tensions.

What triggered the trade war between the US and China?

• Environmental concerns

• China's military expansion

• US dissatisfaction with China's rapid economic growth

• Disputes over human rights

When did China join the World Trade Organization (WTO)?

• 1998

• 2010

• 2001

• 2005

Who was the Chinese leader responsible for opening up China's economy in 1978?

• Mao Zedong

• Xi Jinping

• Deng Xiaoping

• Hu Jintao

What is one way China is accused of not playing fair in the trade war?

• Manipulating currency

• Blocking US media

• Providing free land and tax breaks to Chinese companies

• Restricting tourism

What is a major accusation against China regarding intellectual property?

• Overpricing licenses

• Stealing foreign companies' technology

• Selling counterfeit goods

• Blocking patents

How did the Trump administration respond to China's economic practices?

• By imposing tariffs on Chinese goods

• By cutting diplomatic ties

• By increasing military presence in Asia

• By banning Chinese students

Which American industry was significantly affected by China's tariffs?

• Textile

• Automobile

• Technology

• Agriculture

What is the expected impact of the trade war on global economic growth according to the IMF?

• Decrease in growth

• Increase in growth

• Unpredictable

• No change

What does the phase one deal between the US and China aim to achieve?

• US investing in Chinese infrastructure

• Complete removal of all tariffs

• China buying more American produce and tightening intellectual property rules

• China reducing its military budget

Which Chinese tech company has faced significant restrictions from the US?

• Tencent

• Alibaba

• Huawei

• Baidu