U.S. Delays Next Round Of Tariffs On Chinese Goods

U.S. Delays Next Round Of Tariffs On Chinese Goods

Assessment

Interactive Video

Social Studies, Business

University

Hard

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President Trump announced a delay in the planned 5% tariff increase on $250 billion worth of Chinese goods from October 1st to October 15th as a gesture of goodwill for China's 70th anniversary. This announcement followed China's decision to lift import taxes on over a dozen US products, effective September 17th for one year. The US-China trade war, ongoing since last year, has seen both countries imposing tariffs on each other's goods. Although tariffs were temporarily suspended earlier this year, they resumed after negotiations failed. Both nations are scheduled to resume trade talks next month.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the US decide to delay the tariff increase on Chinese goods?

To celebrate the US Independence Day

Due to a natural disaster in China

As a gesture of goodwill for China's anniversary

To support US businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When will China's import tax exemptions on US products take effect?

November 1st

October 1st

September 17th

December 25th

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long will China's import tax exemptions last?

Six months

One year

Two years

Indefinitely

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What triggered the resumption of tariffs between the US and China earlier this year?

Breakdown of negotiations

A new trade agreement

A change in US leadership

A natural disaster

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When are the US and China expected to resume trade talks?

Next month

Next week

Next year

In two months