American Apparel & Footwear Association Has 'Big Worries' About Trump Tariffs

American Apparel & Footwear Association Has 'Big Worries' About Trump Tariffs

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of tariffs on US imports from China, focusing on apparel, footwear, and accessories. It highlights the economic and industry challenges, including potential price increases and job losses. The discussion also covers supply chain issues, political motivations, and the broader economic strategies involved. The potential consequences of a trade war, including inflation and currency manipulation, are also explored.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of all apparel imported to the US comes from China?

25%

45%

60%

72%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of increased tariffs on Chinese goods?

Decrease in US exports

Increase in US jobs

Rise in consumer prices

Strengthening of the US dollar

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key concern for companies regarding their supply chains?

Over-reliance on European suppliers

High labor costs in China

Exposure to Chinese suppliers

Lack of innovation in supply chains

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the strategic play behind the US tariffs according to the industry representative?

To reduce the trade deficit

To manipulate currency values

To gain a political advantage

To increase domestic production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of a 9% fall in the RMB on tariffs?

It increases the cost of tariffs

It doubles the cost of tariffs

It has no impact on tariffs

It reduces the cost of tariffs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential impact of the trade war on US consumers?

Lower prices at Walmart

More job opportunities

Increased availability of Chinese products

Higher prices for goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a challenge faced by US farmers due to the trade war?

Higher export opportunities

Uncertainty in crop planning

Lower production costs

Increased demand for crops