Coronavirus Outbreak Casts More Doubt On U.S.-China Trade Deal

The video discusses the US-China trade deal, highlighting China's ambitious pledge to purchase $200 billion more in US goods over two years. The outbreak of a virus has disrupted economies globally, affecting supply chains and business operations. China's economic position has evolved since the 2003 SARS epidemic, making the current situation potentially more impactful. The trade deal includes a clause for adjustments in case of unforeseen events, and the US may consider tariff relief to facilitate the agreement.

What was the main reason for the economic disruptions mentioned in the first section?

• A new trade agreement

• A global pandemic

• A political conflict

• A natural disaster

How much more in US goods did China pledge to buy under the phase one trade agreement?

• $200 billion

• $150 billion

• $100 billion

• $250 billion

In what year did China last face a significant coronavirus outbreak before the current one?

• 2005

• 2003

• 2007

• 2001

What recent action did China take to facilitate the purchase of US goods?

• Banned US imports

• Decreased tariffs

• Increased export taxes

• Increased tariffs

What does the trade deal clause allow in case of unforeseen events?

• Imposition of penalties

• Consultations between the parties

• Immediate cancellation of the deal

• Automatic extension of deadlines