U.S., China Impose New Tariffs on Each Other

The transcript discusses China's response to US tariffs, highlighting the imposition of $16 billion worth of tariffs on US goods and the potential for further trade tensions. Business leaders express concerns over the impact on technological innovation and investment sentiment. The discussion also covers China's industrial policy, particularly the 'Made in China 2025' strategy, and the ongoing trade talks in Washington, which could lead to additional tariffs if no agreement is reached.

What was China's immediate response to the US tariffs?

• They sought to negotiate with the US immediately.

• They reduced tariffs on US goods.

• They decided to ignore the US tariffs.

• They imposed their own tariffs on US goods.

What is one concern of Chinese business leaders regarding the trade tensions?

• The rise in foreign investments.

• The increase in domestic production.

• The decrease in local employment.

• The impact on technological innovation.

What potential positive outcome do business leaders see amidst the trade tensions?

• Additional fiscal and monetary policy stimulus.

• A complete resolution of trade tensions.

• An increase in exports to the US.

• A decrease in tariffs on Chinese goods.

What is the focus of China's 'Made in China 2025' strategy?

• Subsidies for key technological areas.

• Reducing reliance on foreign technology.

• Increasing agricultural exports.

• Improving diplomatic relations with the US.

What is a potential consequence if the Washington talks do not produce concrete outcomes?

• An additional $200 billion worth of Chinese goods could be targeted.

• The US might lift all tariffs on Chinese goods.

• The US might increase imports from China.

• China might withdraw from the WTO.