What was the primary reason behind the US-China trade war?
a) Dispute over currency manipulation
b) Intellectual property theft
c) Tariffs on goods
d) Differences in military strategies
Which US President initiated the trade war with China?
a) Barack Obama
b) Donald Trump
c) George W. Bush
d) Joe Biden
In what year did the US-China trade war begin?
a) 2015
b) 2017
c) 2018
d) 2020
Which of the following products was heavily impacted by the US-China trade war?
a) Oil
b) Electronics
c) Steel and aluminum
d) Agriculture products
What was the value of tariffs imposed by the US on Chinese imports in 2018?
a) $100 billion
b) $200 billion
c) $500 billion
d) $1 trillion
Which of the following was a consequence of the US-China trade war for global supply chains?
a) Strengthening of supply chains in Asia
b) A shift in manufacturing from China to other countries
c) Increased international trade in luxury goods
d) Stabilization of global supply chains
Which Chinese product faced significant tariffs from the United States during the trade war?
a) Textiles
b) Cars
c) Electronics
d) Toys
What was one of the main global economic impacts of the US-China trade war?
a) Increased global GDP growth
b) Disruption in global trade flows
c) Lower consumer prices worldwide
d) Increased foreign investments in China
Which of the following countries benefited from the US-China trade war as companies moved manufacturing?
a) India
b) Japan
c) Mexico
d) Vietnam
Which organization warned about the global impact of the US-China trade war on the economy?
a) United Nations
b) World Bank
c) World Economic Forum
d) World Trade Organization (WTO)
Which US industry was most affected by Chinese retaliation tariffs?
a) Automotive
b) Agriculture
c) Pharmaceutical
d) Technology
What was one of China’s major responses to the US tariffs during the trade war?
a) Increasing exports of electronics
b) Imposing tariffs on US goods
c) Subsidizing US companies
d) Reducing domestic production
What is the name of the agreement signed in January 2020 to resolve part of the US-China trade war?
a) US-China Trade Accord
b) Phase One Trade Deal
c) China-US Economic Cooperation Agreement
d) US-China Global Trade Pact
Which sector of the US economy received support due to the trade war with China?
a) Steel and aluminum
b) Technology
c) Renewable energy
d) Consumer goods
Which country’s currency was impacted by the US-China trade war as China devalued it?
a) Chinese Yuan
b) US Dollar
c) Euro
d) Japanese Yen
Which major technology company was caught in the middle of the US-China trade war, facing restrictions in the US?
a) Samsung
b) Huawei
c) Sony
d) Apple
How did the US-China trade war affect global stock markets in 2019?
a) Stock markets experienced a significant boom
b) Stock markets remained stable
c) Stock markets saw increased volatility
d) Stock markets decreased globally
What was the estimated cost of the trade war to the global economy, according to some economists?
a) $50 billion
b) $100 billion
c) $200 billion
d) $500 billion
What type of goods did the US primarily target with tariffs during the trade war?
a) Capital goods
b) Consumer electronics
c) Raw materials
d) Consumer goods
Which of the following was a direct result of the trade war for the Chinese economy?
a) Increased trade with Europe
b) Increased domestic production
c) A slowdown in economic growth
d) A boom in export industries
How did the trade war affect Chinese companies in the global market?
a) They faced fewer regulations
b) They experienced lower tariffs in other markets
c) They saw reduced market access to the US
d) They expanded rapidly in the US
Which country signed a trade agreement with the US to mitigate the effects of the trade war?
a) South Korea
b) Mexico
c) Japan
d) Canada
Which product from China became the most controversial during the US-China trade war?
a) Steel
b) Electronics
c) Automobiles
d) Rare earth metals
Which US state was hardest hit by Chinese tariffs on agricultural products?
a) California
b) Texas
c) Iowa
d) New York
How did the US-China trade war affect the price of goods globally?
a) Prices decreased significantly
b) Prices increased due to higher tariffs
c) Prices remained unchanged
d) Prices fluctuated dramatically
What was one of the main goals for China in the trade war?
a) To reduce tariffs on Chinese goods
b) To increase military presence in Asia
c) To protect its currency
d) To gain access to the US job market
Which industry in China experienced a major setback due to the trade war and the US tariffs?
a) Agriculture
b) Automotive
c) Technology
d) Renewable energy
What was the impact of the US-China trade war on global consumer goods prices?
a) They increased due to higher tariffs
b) They decreased due to lower production costs
c) They remained stable
d) They fluctuated based on the trade war developments
Which multilateral trade agreement did China focus on as a way to reduce the impact of the US trade war?
a) World Trade Organization
b) North American Free Trade Agreement
c) Regional Comprehensive Economic Partnership
d) Trans-Pacific Partnership
Which international body did China accuse the US of violating by imposing tariffs?
a) United Nations
b) World Trade Organization (WTO)
c) International Monetary Fund (IMF)
d) World Bank
Which US industry was considered to be one of the main beneficiaries of the trade war, due to increased demand for domestic products?
a) Technology
b) Energy
c) Steel and aluminum
d) Agriculture
