Diplomatic Divide: Trade With China Continues to Fall

Diplomatic Divide: Trade With China Continues to Fall

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Interactive Video

Business

University

Hard

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The transcript discusses the US-China trade relationship, highlighting the impact of tariffs imposed by President Trump on $400 billion of Chinese imports, which led to a 15% shrinkage in trade in 2019. Despite the Phase One trade deal, tariffs remain, and a Phase Two deal seems unlikely soon. China must purchase $130 billion in US goods to meet its commitments. Meanwhile, US oil exports to China are increasing, and most US companies plan to maintain their production in China, with $14 billion invested last year, indicating that a full decoupling is improbable in the short term.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the amount of tariffs imposed by Trump on Chinese imports?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage did trade between the US and China shrink in 2019?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the additional amount of goods China promised to purchase by the end of 2021?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of U.S. companies surveyed indicated they have no plans to move production out of China?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the amount of long-term investments made by U.S. companies in China last year?

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