Trump continues trade war with China

The video discusses the impact of tariffs imposed by the Trump administration on Chinese goods, affecting consumer prices and the US economy. Despite public opposition, Trump defends the tariffs as necessary to address the trade deficit with China. China's retaliation is seen as a softer response, potentially easing tensions. However, the tariffs have political and economic implications, particularly for US farmers and manufacturers, making it a significant political gamble ahead of the midterm elections.

What percentage of goods is estimated to be made in China according to the transcript?

• 50%

• 30%

• 70%

• 90%

What is the main reason President Trump gives for imposing tariffs on China?

• To lower consumer prices

• To increase domestic production

• To reduce the trade deficit

• To improve diplomatic relations

How did China respond to the US tariffs according to the transcript?

• By increasing exports

• By reducing tariffs on US goods

• By imposing $60 billion worth of tariffs on US goods

• By halting all trade with the US

What is one of the economic impacts of the tariffs mentioned in the transcript?

• Increase in consumer spending

• Decrease in manufacturing costs

• Rising costs for manufacturing companies

• Stability in global markets

Which group is mentioned as being particularly affected by the tariffs?

• Tech companies

• Automobile manufacturers

• Soybean farmers

• Retail workers