2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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60
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50
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85
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95
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Detailed explanation-1: -The US has imposed tariffs on more than $360bn (£268bn) of Chinese goods, and China has retaliated with tariffs on more than $110bn of US products.
Detailed explanation-2: -List 3 tariffs were announced on September 21, 2018 on $200 billion of U.S. imports at a tariff rate of 10%, effective September 24, 2018, because then-President Trump believed that the initial actions were insufficient to cause China to change its trade practices. This rate increased to 25%, effective May 10, 2019.
Detailed explanation-3: -Likewise, China’s practice of pressuring foreign companies into sharing trade secrets and intellectual property with Chinese corporate partners has disproportionate impact on U.S. companies built around specific technology rights, know-how, and data.
Detailed explanation-4: -To each round of these US tariffs, China’s government responded with retaliatory duties against goods imported from the US. By September 2019, both sets of tariffs had been extended to cover the vast majority of products traded between the two countries.