U.S. Holds Off on Huawei Licenses

The US is delaying decisions on licenses for companies working with Huawei, following China's halt on US agricultural purchases. This adds to the ongoing trade tensions, with the yuan weakening and new tariffs on $300 billion of Chinese goods being prepared. The business community is vocally opposing these tariffs, which are seen as a tax on businesses and are expected to increase prices. The timing of the tariffs, set for September 1st, raises concerns for companies with existing contracts, adding uncertainty to the business environment.

What prompted the US to delay decisions on licenses for companies working with Huawei?

• China's halt on agricultural purchases from the US

• A new trade agreement between the US and China

• Huawei's compliance with US regulations

• A decrease in US agricultural exports

What is the value of Chinese goods affected by the new 10% tariffs announced by the US?

• $400 billion

• $300 billion

• $200 billion

• $100 billion

Which of the following products were included in the initial list of Chinese imports subject to tariffs?

• Automobiles

• Laptops and cellphones

• Pharmaceuticals

• Furniture

How has the business community generally reacted to the increased tariffs?

• They have requested more tariffs

• They have opposed the tariffs vocally

• They have remained neutral

• They have supported the tariffs

What concern do businesses have regarding the timing of the new tariffs?

• The tariffs will not affect any products

• The tariffs will be delayed until next year

• The tariffs will only apply to new contracts

• The tariffs might affect products already in transit