China: Trade, Tariffs and Trump

The video discusses the increasing tariffs on steel products, focusing on the flat and long product sides. It explores potential changes under the Trump administration, including the possibility of new tariffs on products like rebar. The video explains different types of tariffs, such as those alleging dumping, and discusses the implications of these tariffs. It also covers rebar trade cases and the potential for circumvention. Finally, the video addresses concerns about retaliation and trade wars, particularly with China, and the political implications of these tariffs.

What percentage of US steel production is made up of flat-rolled steel?

• 30%

• 60%

• 80%

• 90%

Which type of tariff involves allegations of dumping?

• Blanket tariffs

• Circumvention cases

• Dumping tariffs

• Subsidy tariffs

What is a circumvention case in the context of tariffs?

• A case alleging illegal subsidies

• A case targeting countries using blocked products

• A case imposing blanket tariffs

• A case focusing on domestic production

Which country is mentioned as having a significant steel production but minimal exports to the US?

• China

• Turkey

• Vietnam

• India

Under what conditions might prohibitive tariffs be applied?

• When there is a trade surplus

• When countries produce below their costs

• When there are no subsidies

• When countries produce above their costs