US-China Trade War and Its Economic Impact MCQs

1. What was the primary reason for the US-China trade war?
(A) Disputes over intellectual property theft and trade imbalances
(B) Competition in space exploration
(C) Disagreements over climate change policies
(D) Military conflicts in the South China Sea

2. Which US President initiated the trade war with China?
(A) Barack Obama
(B) Donald Trump
(C) Joe Biden
(D) George W. Bush

3. What was the main tool used by the US to impose tariffs on Chinese goods?
(A) Section 301 of the Trade Act of 1974
(B) The North American Free Trade Agreement (NAFTA)
(C) The World Trade Organization (WTO) agreements
(D) The Trans-Pacific Partnership (TPP)

4. How did China respond to US tariffs during the trade war?
(A) By imposing retaliatory tariffs on US goods
(B) By withdrawing from the WTO
(C) By reducing its exports to the US
(D) By seeking military alliances with other countries

5. Which sector was most affected by the US-China trade war?
(A) Technology and electronics
(B) Agriculture
(C) Healthcare
(D) Tourism

6. What was the impact of the trade war on global supply chains?
(A) They became more efficient
(B) They were disrupted, leading to higher costs and delays
(C) They were unaffected
(D) They shifted entirely to the US

7. Which agreement was signed in 2020 to ease tensions in the US-China trade war?
(A) Phase One Trade Deal
(B) The Paris Agreement
(C) The Trans-Pacific Partnership (TPP)
(D) The North American Free Trade Agreement (NAFTA)

8. What was a significant economic consequence of the US-China trade war for both countries?
(A) Increased economic growth
(B) Higher tariffs leading to increased costs for consumers and businesses
(C) Reduced inflation
(D) Strengthened bilateral relations

9. How did the trade war impact US farmers?
(A) They benefited from increased exports to China
(B) They faced financial losses due to decreased exports to China
(C) They were unaffected by the trade war
(D) They received subsidies from China

10. What was a global economic impact of the US-China trade war?
(A) Increased global trade cooperation
(B) Slowed global economic growth
(C) Reduced tariffs worldwide
(D) Strengthened the WTO’s role in trade disputes