Key Facts & Terms
How Much did America Export of goods to China? and in what year did this happen?
America exported $140 Billions of goods in 2024
What kind of resources lets China gain more power?
China gains more power by controlling rare earth elements such as electronics, vehicles and military tech
what does China do/think is the best way for them to respond to tariffs creating a long term advantage?
Instead of responding with equal tariffs China uses economic coercion with targeting export limits and supply chain leverage to gaining a long term strategic advantage
What Happens to China, when they start to lose money from US tariffs?
Chinese Products become more EXPENSIVE in America causing China to sell LESS of their products
When happens when the U.S. and China have trade conflicts?
Global prices, supply and production is affected
Donald Trump Announced tariffs on Liberation day, what is the charging rate that left both countries?
More than 100%
If Countries start relying on China, what are other countries they will buy from?
They might buy from places like India or Mexico instead
In China's perspective, What can Disrupt U.S. Manufacturing?
By restricting exports of key elements such as Gallium, Germanium and rare earth magnets
What problems can China when people are buying goods and services from other countries?
If other businesses/people might be trying to buy from other places, China can experience customer loss and lost in trade partners
Why do countries and companies need to diversify their suppliers?
To avoid relying too heavily on one country for important materials
What are the rare earth elements that China wanted to restrict exports of?
related to magnets used in cars, weapons and electronics
If China's companies have to move factories out of their Country, what is the cause of this?
they have to move their factories to avoid TRADE PROBLEMS
In U.S. Perspective, what do the Americans think that China has too much of?
China having too much control over rare earths materials and supply chains
If the US is experiencing problems with their manufacturing services for cars, electronics and weapons what can happen?
They can face delays and higher costs
What countries can face supply shortages and the production of cars?
U.S. , Europe or Asia
What Happened when exporters are required to get licenses to ship rare earths abroad?
leaving American buyers frozen out
What are the effects on China of trade fights or conflicts?
This can slow down China's Economy and make business less stable
What does China still rely on for the US?
they still rely on some advanced technology
what does the US worry about because of China's control in the supply chain?
the US worries about losing economic power
Why might businesses move their factories to other countries?
To avoid tariffs or export bans
As part of the 90 day truce, what did the U.S. agree to do?
To lower tariffs on Chinese goods to 30%
How do trade tensions affect China's global reputation?
It hurts their reputation and makes some countries worry about depending on China
Why does the U.S. impose tariffs and chip restrictions on China?
The U.S. believes that it will protect American industries
What is one major effect of China's export limits on U.S. companies?
It becomes harder to get rare earths and high tech materials
What Industries are most affected by rare earth shortages?
Cars and Electronics