Understanding Global Trade Tensions

What was the immediate reaction of China to the US tariffs?

• China increased its imports from the US.

• China did not respond to the US tariffs.

• China removed all trade barriers with the US.

• China imposed a 34% reciprocal tariff on US goods.

Which country decided to remove all trade barriers with the US instead of retaliating?

• Germany

• Vietnam

• China

• Cambodia

What is the EU's trade surplus with the US in 2024?

• 530 billion euros

• 143 billion euros

• 198 billion euros

• 333 billion euros

Which sector is most vulnerable to US tariffs according to the EU's trade relations?

• Pharmaceuticals

• Textiles

• Automotive

• Agriculture

What is one of the EU's options in response to US tariffs?

• Impose a 10% tariff on US digital services

• Ban all US imports

• Do nothing and pursue negotiations

• Increase tariffs on all US goods by 50%

What could a full-blown trade war between the EU and the US involve?

• A 50% tariff on US agricultural products

• Complete cessation of trade

• No change in current tariffs

• A flat 20% tariff on most US imports

Which sector could the EU target to leverage its trade position against the US?

• Textiles

• Agriculture

• Digital services

• Automotive

What is the EU's most powerful legal tool against US trade policies?

• The European Trade Agreement

• The anti-coercion instrument

• The Transatlantic Partnership

• The Digital Markets Act

What is the EU's strategy to avoid future trade conflicts?

• Reduce exports to the US

• Strengthen trade with Mercosur, India, and Canada

• Increase tariffs on all imports

• Focus solely on US trade relations

What is the EU's priority before using the anti-coercion instrument?

• Cutting all trade ties with the US

• Immediate retaliation

• Negotiation

• Imposing tariffs on all US goods