Why Tariff Delay Doesn't Change Trade War Outlook

Why Tariff Delay Doesn't Change Trade War Outlook

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the division of $300 billion in tariffs into two lists, with some tariffs taking effect on September 1st and others delayed. It highlights the temporary nature of the pause in the trade war between the US and China, noting that no significant progress has been made. The economic impact of tariffs and the uncertainty they create for businesses are emphasized, with Bloomberg analysts suggesting a re-escalation is likely. The transcript also touches on the political implications for the Trump administration and the potential for the trade war to continue.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What items are included in the first list of tariffs going into effect on September 1st?

Smartphones and laptops

Agricultural products and clothes

Children's toys and antiques

Kitchenware and smartphones

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for businesses regarding the tariffs?

The high cost of tariffs

The uncertainty and chaotic policymaking

The immediate impact on consumer prices

The lack of communication from the government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the projected outcome of the trade tensions according to Bloomberg economics?

An increase in tariffs

A re-escalation of tensions

A de-escalation of tensions

A quick resolution and deal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason analysts believe Trump is delaying some tariffs?

To increase tariffs on other goods

To address domestic economic pressures

To focus on other international issues

To offer an olive branch to China

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the consensus view on the future of the trade war?

It will be resolved soon

It will remain in a state of uncertainty

It will escalate into a full-blown conflict

It will lead to a new trade agreement