China Cuts Tariffs on $75 Billion in U.S. Imports

On Feb. 6, China announced a major cut to tariffs placed on roughly $75 billion worth of U.S. goods. The cuts are set to begin on Feb. 14 and will possibly mark the beginning of the end of the year-long trade war between the U.S. and China.

Instructors, click the link below to download this week’s lecture for use in your classroom. The deck contains a writing prompt and a debate question as well as other assessment questions.

Download the PowerPoint Lecture Spark for China Cuts Tariffs on $75 Billion in U.S. Imports

Links

“China Set To Halve Tariffs on $75 Billion Of U.S. Goods”
https://www.forbes.com/sites/sergeiklebnikov/2020/02/06/china-set-to-halve-tariffs-on-75-billion-of-us-goods/#760032ab5e41

“China halves tariffs on more than 1,700 US goods”
https://www.bbc.com/news/business-51353503?intlink_from_url=https://www.bbc.com/news/topics/ce25yderw6pt/trade-war&link_location=live-reporting-story

“China slashes tariffs on $75 billion worth of US goods including soybeans and cars”
https://markets.businessinsider.com/news/stocks/china-slashes-tariffs-billions-worth-us-goods-trade-war-soybeans-2020-2-1028881872

“How Chinese tariffs on U.S. imports will stand after February 14 cuts”
https://www.reuters.com/article/us-usa-trade-china-commoditiestariffs-fa/how-chinese-tariffs-on-u-s-imports-will-stand-after-february-14-cuts-idUSKBN2001XF?il=0

“Trade Deficit Moves in the Right Direction for the Wrong Reasons”
https://www.usnews.com/news/economy/articles/2020-02-05/trade-deficit-moves-in-the-right-direction-for-the-wrong-reasons

“China to cut US tariffs as coronavirus risks deepen”
https://www.theguardian.com/business/2020/feb/06/china-moves-to-slash-us-tariffs-as-coronavirus-risks-deepen

“Who Won America’s Trade War With China? Vietnam.”
https://slate.com/business/2020/02/trade-war-china-us-vietnam-trump.html

“China to halve tariffs on some U.S. imports as virus risks escalate”
https://www.foxbusiness.com/politics/china-to-halve-tariffs-on-some-u-s-imports-as-virus-risks-escalate

Assessment

• Writing: Briefly describe the trade war timeline. Why did it begin? What sectors of both the U.S. and Chinese economies were targeted?
• Debate: The trade war with China has largely resulted in a stalemate, causing needless damage to both countries’ economies.
• Poll: Will the preliminary deal end in a total de-escalation of the trade war?
• Short Answer: What impact, if any, has the coronavirus had on the U.S.-China trade war?

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