Trump Heaps More Tariffs; China Retaliates

The video discusses the escalating trade tensions between the US and China, focusing on the imposition of tariffs by both countries. It highlights the economic impact on both nations, including increased costs for US households and businesses. The video also examines China's economic data, particularly the Purchasing Managers' Index (PMI), which indicates a slowdown in manufacturing. Despite some positive signs from small and medium enterprises, the need for further economic support from China's Central Bank and Finance Ministry is emphasized.

What percentage of tariffs did the US impose on $110 billion of Chinese imports?

• 10%

• 15%

• 20%

• 25%

Which of the following items was mentioned as being affected by the US tariffs for the first time?

• Smartphones

• Laptops

• Apple Watch

• Televisions

How much is the estimated cost per US household due to the tariffs by the end of the year?

• $1500

• $750

• $500

• $1000

What economic indicator showed a contraction in China's manufacturing sector for four consecutive months?

• Unemployment Rate

• CPI

• GDP

• PMI

What measures has China taken to support its economy amid the trade tensions?

• Decreasing exports

• Raising interest rates

• Reducing credit costs

• Increasing taxes