Century Aluminum's Bless is Gratified By Trumps Actions on Steel Tariffs

Century Aluminum's Bless is Gratified By Trumps Actions on Steel Tariffs

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The video discusses a meeting with steel and aluminum executives where the President announced plans to impose tariffs of 25% on steel and 10% on aluminum. Michael Bless, CEO of Century Aluminum, expressed support for the tariffs, highlighting the need to combat market abuses and revitalize US industries. The discussion also touched on potential Chinese retaliation and the broader economic impact, with Bless arguing that the tariffs would ultimately benefit the US economy by restoring domestic production capabilities.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage tariff is planned for steel according to the President's announcement?

10%

30%

15%

25%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Michael Bless's perspective on the potential for China to retaliate with its own tariffs?

He is certain China will retaliate.

He believes China will not retaliate.

He has no clear sense of China's response.

He thinks China will support the tariffs.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What immediate action does Michael Bless plan to take in Kentucky?

Close down the plant.

Outsource production overseas.

Reduce investment in the plant.

Hire a couple hundred people.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Michael Bless justify the potential job impact of the tariffs?

He thinks the impact is negligible.

He believes jobs will be lost.

He suggests outsourcing jobs.

He argues that jobs will be gained.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern regarding the impact of tariffs on U.S. firms?

No impact on the job market.

Immediate job creation across all sectors.

Decreased competitiveness in the short to medium term.

Increased competitiveness in the short term.