U.S. Might Raise Planned Tariffs to 25% on $200 Billion of China Imports

U.S. Might Raise Planned Tariffs to 25% on $200 Billion of China Imports

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the U.S. proposal to increase tariffs on $200 billion of Chinese goods from 10% to 25%. The USTR is seeking public comments and will hold a hearing. American industries have expressed concerns about increased costs. The USTR justifies the tariffs as a response to China's lack of change in trade practices. China has responded negatively, stating it won't be blackmailed. There are no current plans for high-level talks between the U.S. and China, despite ongoing lower-level discussions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What indications are there regarding the effectiveness of the tariffs as a pressure point on China?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did China respond to the announcement of the 25% tariff?

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OFF