What is a tariff? How the Trump administration plans to implement them in 2025

What is a tariff? How the Trump administration plans to implement them in 2025

Assessment

Interactive Video

Business, Social Studies, Engineering

University

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial discusses tariffs, explaining them as taxes on imports that affect importers and consumers. It covers the historical role of tariffs in the US, their decline post-WW2 to promote trade, and the resurgence during Trump's presidency, which led to a trade war with China. The tutorial also touches on the economic impact of tariffs on GDP and households, and the continuation of some tariffs under the Biden administration.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are tariffs and how do they affect imports?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did tariffs serve as a source of revenue for the federal government until 1914?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did Trump's tariffs on China have on the US economy?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can tariffs be used as a 'carrot' or a 'stick' in trade negotiations?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions has the Biden administration taken regarding tariffs imposed during Trump's presidency?

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OFF