Caught my Eye: Trump Expands Aluminum, Steel Tariffs

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary goal of the initial steel and aluminum tariffs imposed by the White House?
To increase the import of finished products
To support the U.S. steel industry
To reduce the cost of raw materials
To promote international trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of targeting a bilateral trade deficit with China?
Increased domestic production
Improved relations with China
Import substitution from other countries
Reduction in global trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a criticism of the Trump administration's numbers-based approach to trade policy?
It ignored the impact on U.S. workers
It relied heavily on international cooperation
It focused too much on agricultural exports
It failed to address the root causes of trade imbalances
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a notable feature of the Trump administration's approach to globalization?
Promotion of free trade agreements
Consideration of policies against traditional globalization models
Encouragement of outsourcing to China
Support for disaggregated supply chains
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Trump administration aim to protect U.S. workers in the automobile industry?
By increasing tariffs on imported cars
By changing the rules of origin for automobiles
By subsidizing domestic car manufacturers
By reducing taxes on car exports
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