Trump Raises Tariffs as China Vows to Strike Back

The transcript discusses ongoing trade talks between the US and China, highlighting the lack of progress and the imposition of increased tariffs from 10% to 25% on $200 billion worth of goods. It explores the economic implications of these tariffs and the pessimism surrounding the negotiations. The transcript also covers potential Chinese retaliation and the political dynamics influencing the talks, including President Trump's stance and campaign for 2020. Despite threats of retaliation, China has been cautious in its approach, indicating a willingness to negotiate.

What is the main reason for the lack of progress in the US-China trade talks?

• Both sides are unwilling to compromise.

• The talks are scheduled for next year.

• China has agreed to all US demands.

• The US has already reached a deal with another country.

How have the tariffs changed according to the first section?

• They have been reduced by half.

• They have been completely removed.

• They have remained the same.

• They have been increased from 10% to 25%.

What is the sentiment in Washington regarding the potential success of the trade talks?

• Optimism about a quick resolution.

• Pessimism about any significant progress.

• Indifference towards the outcome.

• Confidence in a new trade agreement.

What does President Trump claim about the tariffs' impact on the US economy?

• They have only benefited China.

• They have helped the economy.

• They have had no impact at all.

• They have harmed the economy significantly.

What is one potential action China might take in response to US tariffs?

• Stop all trade with the US.

• Increase tariffs on US imports.

• Sign a new trade agreement.

• Decrease tariffs on US imports.