2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12 %
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16 %
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21 %
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25 %
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Detailed explanation-1: -A final set of products, covering 20 percent of US imports from China at the onset of the trade war, were initially hit with 15 percent tariffs in September 2019, which were then reduced to 7.5 percent in February 2020.
Detailed explanation-2: -Trump said the tariffs would be imposed due to Chinese theft of U.S intellectual property. Trump said his planned tariffs on Chinese imports would make the United States “a much stronger, much richer nation". However, the steps toward imposing the tariffs led to increased concerns of a global trade war.
Detailed explanation-3: -The tariffs apply to roughly two-thirds of all the things the United States imports from China. Complying with the tariffs means negotiating a lengthy list of 10-digit Harmonized Tariff Schedule codes (HTS or HS codes) for specific products, which were revised earlier this year.)