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The video discusses the escalating trade tensions between the US and China, highlighting President Trump's threats to impose new tariffs on Chinese imports and China's immediate response. The US aims to reduce its trade deficit with China by $200 billion. The video also touches on other global trade tensions initiated by US protectionism, including tariffs on steel and aluminum from the EU, Mexico, and Canada.

What action did President Trump threaten to take against China?

• Reduce tariffs on Chinese goods

• Ban all Chinese products

• Sign a new trade agreement with China

• Increase tariffs on Chinese imports

How did China respond to the U.S. tariff threats?

• By ignoring the threats

• By promising to negotiate

• By calling the decision a form of blackmail

• By reducing their own tariffs

What is the U.S. administration's target for reducing the trade deficit with China?

• $100 billion

• $200 billion

• $300 billion

• $400 billion

Which countries are affected by the U.S. tariffs on steel and aluminum?

• European Union, Mexico, and Canada

• India and Brazil

• Australia and South Korea

• China and Japan

What are the tariff rates imposed by the U.S. on steel and aluminum imports?

• 20% and 15%

• 15% and 5%

• 25% and 10%

• 30% and 20%