U.S. Is Considering Extending $34B In Tariff Suspensions For China

The video discusses the US tariffs on $34 billion worth of Chinese goods imposed in July 2018 due to concerns over technology transfer and intellectual property. In December 2018, exclusions were granted for a year, and the US is now considering extending these suspensions on a case-by-case basis. Recent developments indicate a positive trend in US-China trade relations, with the Trump administration delaying further tariffs and progress being made on a trade deal addressing intellectual property and agricultural purchases.

What was the primary reason for the USTR imposing tariffs on Chinese goods in July 2018?

• To support US agricultural products

• To reduce the US trade deficit

• To investigate China's technology transfer and intellectual property practices

• To increase US exports to China

In December 2018, why were certain Chinese products excluded from tariffs?

• To promote US technological innovation

• To retaliate against Chinese tariffs

• At the request of US importers

• To encourage Chinese investment in the US

How long can the tariff suspensions be extended if approved?

• Indefinitely

• Up to one year

• Up to two years

• Up to six months

What recent action did the Trump administration take regarding tariffs on Chinese goods?

• Implemented new tariffs on $100 billion of goods

• Removed all tariffs on Chinese goods

• Delayed the next round of tariffs on $250 billion of goods

• Increased tariffs on $500 billion of goods

What issues are expected to be addressed in the first phase of the US-China trade deal?

• Military cooperation and defense

• Intellectual property and US agricultural purchases

• Environmental policies and climate change

• Tourism and cultural exchange