U.S. and China Already in Solar Trade War

The video discusses the impact of trade policies, focusing on tariffs between the US and China. It highlights the consequences of these tariffs on industries, such as the solar sector, and examines a Norwegian company's challenges. The video also explores a case study on tire tariffs, revealing the broader economic effects and job losses. It emphasizes the importance of considering countermeasures in trade disputes.

What was the initial action taken by the US in the solar sector trade dispute?

• Imposed tariffs on Chinese solar panel products

• Banned Chinese solar panels

• Subsidized US solar companies

• Increased import quotas for solar panels

How did the Norwegian company respond to the trade tariffs?

• By increasing production in the US

• By building capacity in China

• By halting operations

• By diversifying into other industries

What was one of the unintended consequences of the US tariffs on solar products?

• Creation of jobs in China

• Improved US-China relations

• Increased US employment

• Decrease in solar panel prices

What was the outcome of the 2009 tire tariffs in the US?

• Decrease in consumer spending

• Increased tire imports

• Overall job loss in the economy

• Boost in retail sector jobs

What is often overlooked when considering tariffs?

• The effect on international diplomacy

• The potential for increased exports

• The possibility of countermeasures

• The impact on local businesses