China Lifts Tariffs On A Short List Of U.S. Goods

China Lifts Tariffs On A Short List Of U.S. Goods

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Interactive Video

Business

University

Hard

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China is lifting import tariffs on over a dozen US products, including pesticides and cancer drugs, effective September 17th for one year. Importers can apply for refunds on tariffs already imposed on some products. An analyst suggests this move supports China's economy rather than being a gesture towards the US. The US and China have been in a trade dispute, imposing tariffs on each other's goods. Despite ongoing negotiations, a resolution is uncertain. President Trump plans to increase tariffs on $250 billion of Chinese goods from 25% to 30% on October 1st.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What products are included in China's short list of tariff exemptions?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

When will the tariff exemptions take effect and for how long?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What can importers apply for regarding tariffs on the exempted products?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is one analyst's perspective on the reason behind the tariff exemptions?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What did President Trump announce regarding tariffs on Chinese goods?

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