Trump Averts Dec. 15 China Tariffs

The transcript discusses a trade deal that President Trump has reportedly signed off on, which is expected to prevent upcoming tariffs on $160 billion worth of Chinese imports into the US. The deal may also reduce existing tariffs on Chinese goods, marking a significant win for China. The timing of the deal is strategic, as it coincides with the scheduled tariffs. The Trump administration is expected to announce the details in the coming days.

Why is the timing of the trade deal considered significant?

• It was a random decision.

• It aligns with the imposition of new tariffs.

• It coincides with a major holiday.

• It was planned to distract from other news.

What was the value of Chinese goods set to be affected by the new tariffs?

• $250 billion

• $200 billion

• $160 billion

• $100 billion

What percentage rate was planned for the new tariffs on Chinese imports?

• 10%

• 25%

• 15%

• 20%

What is one potential outcome of the trade deal regarding existing tariffs?

• Increase in tariff rates

• Complete removal of all tariffs

• Introduction of new tariffs

• Reduction in some existing tariff rates

How is the trade deal perceived in terms of its impact on China?

• A major loss

• An inconsequential event

• A significant win

• A minor setback