President Trump Announces Plan To Raise China Tariff Rates

The transcript discusses the escalating trade tensions between the US and China, with both countries announcing new tariffs on each other's goods. President Trump plans to increase tariffs on Chinese imports, while China retaliates with its own tariff hikes. The situation has led to a significant drop in the stock market, and Trump has expressed frustration with both China's leader and the US Federal Reserve Chairman, Jerome Powell, for not taking actions to mitigate the trade war's impact.

What was the initial percentage of the tariff on $250 billion of Chinese goods before the increase announced by the US?

• 25%

• 20%

• 30%

• 15%

How did China respond to the US tariffs on September 1st?

• By reducing tariffs on US goods

• By increasing tariffs on $75 billion of US products

• By maintaining the current tariff rates

• By negotiating a trade deal

What action did President Trump order American companies to take in response to China's tariffs?

• Negotiate directly with Chinese companies

• Find alternatives to China

• Increase exports to China

• Reduce production costs

What was the impact of President Trump's comments on the stock market?

• The Dow Jones increased by 600 points

• The Dow Jones dropped by more than 600 points

• The Dow Jones increased by 300 points

• The Dow Jones remained stable

Who did President Trump compare as potential 'enemies' in his tweet?

• The European Union and China

• Jay Powell and Chairman Xi

• The World Trade Organization and China

• The Federal Reserve and the European Union