2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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200
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250
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110
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170
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Detailed explanation-1: -US imports of semiconductors from China remain 26 percent lower than before the imposition of 25 percent tariffs (panel b). Though imports have increased recently, as late as June 2021, US import volumes from China remained more than 50 percent below pre-trade war levels.
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: -As of March 2022, all fabricated structural steel imported from China is still subject to a 25% tariff upon import to the U.S.