Trade War

What is another name for a Tariff?

• A Tax

• A Refund

A Tariff is a tax placed upon ......

• Exports leaving a country

• Imports entering a country

Country A has placed a Tariff (TAX) on imported cars shipped from Country B ... who pays the Tariff?

• The person in Country A who imported the car

• The person in Country B who exported the car

Country A has placed a 20% Tariff (TAX) on TVS imported from Country B. What effect will this have upon the price of TVs in Country A?

• The price will go down

• The price will go up

Country A has placed a 20% Tariff (TAX) on TVs imported from Country B. What effect will this have upon the amount of TVs sold overseas by country B?

• The number will go up

• The number will go down

When country A places a Tariff (Tax) on the goods from country B, what is likely to happen?

• Country B will do nothing

• Country B will place a Tariff on goods from Country A

If Country A places a Tariff (Tax) on Shoes imported from Country B, what might happen?

• More shoes will be made in Country B and less sold to Country A

• More shoes will be made in Country A and more sold in Country A

• Less shoes will be made in Country A and less sold in Country A

• Less shoes will be made in Country B and less sold to Country A

Is a Trade War good for shoppers?

• Yes

• No

You are a manufacturer of computers in Country A. Your country is having a trade war with Country B. A Tariff is placed on their computers. Does this benefit your company?

• Yes

• No

When does a trade war end?

• They never end

• When both sides stop putting Tariffs on each other goods