China Calls Off New Tariffs On U.S. Goods After Trade Deal

The transcript discusses the Phase One trade deal between the US and China, which aims to ease the ongoing trade war. The US agreed to delay and reduce tariffs on Chinese imports, while China committed to purchasing $50 billion in US agricultural products. This deal marks a step towards resolving the trade conflict, with plans to negotiate a more comprehensive Phase Two deal in the future.

What was the primary focus of the initial phase one trade deal between the US and China?

• To impose new tariffs on Chinese imports

• To prevent new tariffs and target specific products

• To increase tariffs on American-made vehicles

• To end the trade war immediately

Which products were mentioned as being affected by the scheduled tariffs?

• Electronics and textiles

• Corn, wheat, and American-made vehicles

• Pharmaceuticals and steel

• Oil and natural gas

What did the US agree to do as part of the phase one trade deal?

• End the trade war completely

• Delay new tariffs and reduce some existing ones

• Increase tariffs on $160 billion of Chinese imports

• Stop all agricultural exports to China

How much in US agricultural products did China agree to purchase?

• $100 billion

• $50 billion

• $25 billion

• $10 billion

What is the next step after the phase one trade deal according to President Trump?

• To end all trade with China

• To negotiate a phase two deal

• To increase agricultural exports

• To impose new tariffs