BIDEN TARIFFS
The U.S. recently announced higher tariffs on imports from this country
China
The % of tariffs threatened by Trump
100%
The trade barrier which includes taxes or duties on imported products or services
Tariffs
This is the exchange of goods and services between countries
International Trade
The goods that will be affected by the tariffs
Semiconductors, electric vehicles, and other energy-related goods
What the BRICS countries are planning to do
Either create a new currency or bring another into dominance
The main types of trade barriers
Tariffs, quotas, embargoes, and sanctions
Goods brought into a country from abroad are called this
Imports
China strongly _______________ the tariffs
Opposes, dislikes, hates
The reason for Trump threatening tariffs
BRICS countries are devaluing the US dollar
The % of tariffs Trump threatened on Canada and Mexico
25%
The difference between a country's exports and imports
Trade Balance
The reason Biden wants the Tariffs
So American Businesses have the same chance as Chinese companies
Main BRICS countries include.....
Brazil, Russia, India, China, South Africa
Tariffs benefit ____________ and disadvantage ____________
Domestic businesses and consumers
This term describes when a country exports more than it imports
Tariffs like these are often part of this policy that aims to protect domestic industries
Protectionism
The country that is pushing a new currency the most
Russia
The type of trade barrier that bans trade between two countries
Trade embargo
This type of trade involves no restrictions, tariffs, or quotas
Free trade