Understanding Tariffs and Their Impact on Consumer Electronics

What is a tariff?

• A subsidy for local industries

• A tax on imported goods

• A tax on exported goods

• A discount on international trade

Why have China's subsidies been controversial?

• They are only for agricultural products

• They are approved by international trade agreements

• They are aimed at reducing local prices

• They target goods for export, creating an uneven playing field

How does undervaluing its currency benefit China in international trade?

• It has no effect on trade

• It makes Chinese exports cheaper

• It increases the value of foreign currencies

• It makes Chinese exports more expensive

What is one reason countries impose tariffs on Chinese goods?

• To support China's currency valuation

• To encourage free trade

• To weaken China's market position

• To increase China's exports

What was the effect of the expiration of tariff exemptions on graphics cards?

• Prices increased due to passed costs

• Prices remained the same

• Prices were unaffected

• Prices decreased significantly

Which administration exempted certain computer components from tariffs in 2019?

• Trump administration

• Biden administration

• Obama administration

• Bush administration

What is the potential impact of tariffs on other PC components?

• They will remain unaffected

• They will become cheaper

• They may see price increases

• They will be banned from import

What is FreshBooks?

• A tariff regulation

• A Chinese export product

• An accounting software

• A type of graphics card

What is the main purpose of FreshBooks?

• To help small business owners with accounting

• To regulate tariffs

• To provide subsidies to farmers

• To manage international trade

What is the call to action at the end of the video?

• To buy graphics cards

• To subscribe and follow the channel

• To impose more tariffs

• To undervalue currency