US and China Discuss Trump-Era Tariffs Biden May Ease

The video discusses the Biden administration's potential changes to tariffs imposed during the Trump era, focusing on the economic and political implications. Janet Yellen highlights the negative impact of these tariffs on consumers and suggests they may not align with strategic interests. The administration faces pressure from labor unions and political considerations as they decide which tariffs to maintain or remove.

What is the deadline for businesses to submit comments on the tariffs?

• July 4th

• July 6th

• July 10th

• July 15th

Which administration originally imposed the tariffs discussed in the video?

• Trump administration

• Biden administration

• Bush administration

• Obama administration

What negative impact of tariffs did Janet Yellen highlight?

• Increased unemployment

• Decreased exports

• Lower GDP growth

• Higher consumer prices

Why might the Biden administration be cautious about removing tariffs?

• To improve relations with Russia

• To increase trade with Europe

• To reduce the federal deficit

• To avoid upsetting labor unions

What strategy might the administration use to balance pressure on China and labor union concerns?

• Ignore the issue entirely

• Remove some tariffs and implement other measures

• Maintain all tariffs

• Remove all tariffs