U.S. And China Consider Rolling Back Tariffs To Seal Trade Deal

The transcript discusses the ongoing negotiations for a partial trade deal between the US and China. A senior Trump administration official mentioned that removing tariffs would be part of the deal. China demands the US roll back tariffs on $360 billion worth of goods before signing. The US imposed a 15% tax on $110 billion of goods in September and a 25% tariff on $250 billion in 2018. China may reciprocate by rolling back tariffs on US products. President Trump announced an agreement on the deal's outlines, which could benefit farmers and technology sectors. However, the signing location remains uncertain after the Asia Pacific Summit in Chile was canceled due to protests.

What is a key condition for the US-China partial trade deal to happen?

• Introducing new tariffs on US goods

• Increasing tariffs on Chinese goods

• Removing tariffs on Chinese goods

• Maintaining current tariffs

Which tariff does China want the US to reduce that was imposed in 2018?

• A 10% tariff on $100 billion of goods

• A 25% tariff on $250 billion of goods

• A 15% tariff on $110 billion of goods

• A 30% tariff on $300 billion of goods

What is the total value of Chinese goods affected by the US tariffs that China wants reduced?

• $110 billion

• $250 billion

• $360 billion

• $500 billion

What is one of the sectors expected to benefit from the US-China trade deal?

• Textile industry

• Tourism industry

• Banking industry

• Automobile industry

Why was the Asia Pacific Summit, where the trade deal was to be signed, canceled?

• Due to a natural disaster

• Because of national protests

• Lack of interest from participants

• Financial constraints