China Readies Response to U.S. Tariffs

The transcript discusses the escalating trade tensions between the US and China, focusing on the tariffs imposed by the US and China's potential retaliatory measures. It highlights the impact of these tensions on negotiations and the broader economic and political context, including the Hong Kong protests. The discussion also touches on the economic challenges faced by both countries and the potential for future talks.

What was the US's response to China's backtracking on trade pledges in May?

• They ignored the backtracking.

• They offered new trade agreements.

• They escalated tariffs on Chinese imports.

• They decided to remove all tariffs.

How did China react to President Trump's suggestion regarding Hong Kong?

• They ignored the suggestion.

• They agreed to meet with protest leaders.

• They considered it an internal affair.

• They welcomed the suggestion.

What economic measure did China take to support its economy amid trade tensions?

• Increased tariffs on US goods.

• Raised interest rates.

• Pumped liquidity into the financial system.

• Decreased exports to the US.

What is one reason Chinese leaders might avoid appearing weak?

• New trade agreements with Europe.

• Anniversary of the People's Republic of China.

• Internal political disputes.

• Upcoming US elections.

What is a potential consequence of the US-China trade tensions on the US economy?

• Improved trade relations with Europe.

• Fears of a recession.

• Higher approval ratings for President Trump.

• Increased economic growth.