Trump Says He Could Impose More Tariffs on China

Trump Says He Could Impose More Tariffs on China

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the ongoing trade tensions between the US and China, focusing on tariffs and their potential impact on the Chinese economy. It highlights the Trump administration's stance on maintaining tariffs until China fulfills its promises, and Beijing's concerns about the lack of a clear path to a lasting deal. The transcript also covers China's strategy regarding its US Treasury holdings, noting a decline in these holdings and China's efforts to diversify its investments, including increasing gold purchases. Despite speculation, China is unlikely to weaponize its Treasury holdings due to potential adverse effects on its economy.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason the Trump administration insists on keeping tariffs in place?

To reduce the US trade deficit

To increase US exports

To ensure China fulfills its promises

To strengthen diplomatic ties

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic forecast did Bloomberg Economics make if tariffs continue to rise?

Global trade will increase

China's growth will exceed 7%

China's growth could fall below 6%

The US economy will shrink

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did Premier Li Keqiang suggest China might take if tariffs escalate?

Increase tariffs on US goods

Cut diplomatic ties with the US

Adjust fiscal and monetary policy

Seek new trade partners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What trend is observed in China's holdings of US Treasurys?

They have been increasing steadily

They have fluctuated unpredictably

They have remained constant

They have been on a steady decline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is China unlikely to significantly cut its US Treasury holdings?

China has no surplus savings

The US bond market is unsafe

There are better investment options

It would harm China's exports