What year did the US-China trade war officially begin?
a) 2017
b) 2018
c) 2019
d) 2020
Which US president initiated the trade war with China?
a) Barack Obama
b) Donald Trump
c) George W. Bush
d) Joe Biden
Which sector in China was most affected by the US tariffs during the trade war?
a) Technology
b) Automotive
c) Agriculture
d) Financial services
How did the US respond to China’s intellectual property practices in the trade war?
a) Imposed tariffs
b) Negotiated directly with Chinese companies
c) Pressured the World Trade Organization (WTO)
d) Restricted imports from China
Which of the following countries was one of the biggest beneficiaries of the trade war as companies moved their manufacturing away from China?
a) India
b) Vietnam
c) Mexico
d) Brazil
Which Chinese tech company was specifically targeted by the US in the trade war due to security concerns?
a) Huawei
b) Alibaba
c) Lenovo
d) Baidu
What was one of the primary reasons China implemented retaliatory tariffs during the trade war?
a) To lower the cost of exports
b) To balance trade relations with the US
c) To protect its domestic markets
d) To prevent devaluation of the Yuan
Which sector of the US economy was most affected by Chinese tariffs?
a) Financial services
b) Agriculture
c) Manufacturing
d) Information technology
What was the total value of Chinese goods targeted by US tariffs by 2020?
a) $50 billion
b) $200 billion
c) $500 billion
d) $1 trillion
What major trade agreement did China join in 2020 to offset the effects of the US trade war?
a) Trans-Pacific Partnership (TPP)
b) Regional Comprehensive Economic Partnership (RCEP)
c) North American Free Trade Agreement (NAFTA)
d) Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Which of the following was a consequence of the US-China trade war for global financial markets?
a) Increased stock market stability
b) Lower commodity prices
c) Increased market volatility
d) Decreased investment in China
How did the US-China trade war affect the global supply chain for electronics?
a) It streamlined the supply chain
b) It reduced costs for manufacturers
c) It disrupted the supply chain
d) It had no impact on the supply chain
Which country experienced a major decline in agricultural exports to China due to retaliatory tariffs?
a) Australia
b) United States
c) Canada
d) Brazil
What strategy did China use to devalue its currency during the trade war?
a) Fixed the Yuan to the US Dollar
b) Increased interest rates
c) Allowed the Yuan to weaken against the US Dollar
d) Sold foreign reserves
Which US industry was intended to benefit from tariffs imposed on Chinese imports?
a) Technology
b) Steel and aluminum
c) Electronics
d) Agriculture
What economic policy did the US implement to encourage companies to relocate production out of China?
a) Tax incentives
b) Export subsidies
c) Import tariffs
d) Trade agreements with other countries
How did the US-China trade war affect the global price of consumer goods?
a) Prices increased due to higher tariffs
b) Prices decreased because of lower demand
c) Prices remained the same
d) Prices fluctuated greatly
Which of the following was a major challenge for Chinese manufacturers during the trade war?
a) Increased competition from the US
b) Rising production costs
c) Increased demand for Chinese products
d) Decreased access to European markets
What was one of the main reasons the US imposed tariffs on China?
a) To address China’s trade surplus
b) To limit China’s access to the global market
c) To lower the cost of Chinese imports
d) To protect US jobs in the tech sector
Which economic organization did the US accuse China of violating with its trade practices?
a) World Bank
b) World Trade Organization (WTO)
c) International Monetary Fund (IMF)
d) European Union
How did the trade war impact the Chinese stock market?
a) It increased due to high investor confidence
b) It remained stable with no significant changes
c) It declined due to uncertainty and trade disruptions
d) It increased due to trade diversification
Which region of the world faced the least impact from the US-China trade war?
a) Europe
b) North America
c) South America
d) Asia
How did the trade war between the US and China affect global supply chains for raw materials?
a) It had no significant impact
b) It led to an increase in raw material exports
c) It disrupted the supply of some raw materials
d) It made raw materials more affordable globally
What was one of the main objectives of the Phase One trade deal between the US and China in January 2020?
a) To eliminate all tariffs
b) To address intellectual property theft
c) To increase agricultural exports from the US to China
d) To end all trade restrictions
How did the trade war affect the global economy’s growth rate?
a) It boosted global economic growth
b) It caused a slight slowdown in global growth
c) It had no effect on global growth
d) It caused a global recession
Which of the following industries in China did NOT face significant challenges due to the US-China trade war?
a) Technology
b) Retail
c) Automotive
d) Agriculture
What was one of the key impacts of the US-China trade war on the global trade environment?
a) It led to a reduction in trade agreements
b) It sparked trade wars between other nations
c) It strengthened global trade relations
d) It eliminated tariffs worldwide
What was one of the economic outcomes of the trade war for the US?
a) It improved trade relations with Europe
b) It led to higher production costs for US manufacturers
c) It reduced tariffs on US imports
d) It boosted US exports to China
Which Chinese industry was most impacted by US tariffs on electronics?
a) Semiconductor industry
b) Clothing industry
c) Food and beverage industry
d) Automobile industry
How did the US-China trade war impact global commodity prices, particularly for oil?
a) It lowered global commodity prices
b) It had no effect on commodity prices
c) It increased global commodity prices
d) It caused a decline in oil prices but an increase in metals prices
What was the purpose of the tariffs on Chinese goods imposed by the US?
a) To encourage US imports from China
b) To reduce the US trade deficit with China
c) To increase exports of Chinese products to the US
d) To limit Chinese influence in global markets
