The article that they are referring to is "The latest casualty of Trump's trade war with China?" Wine by: Margot Roosevelt
Which statement is true according to the article?
Choose one:
A. Most wine consumed in China was imported from California,
B. Chilean companies aim to improve their wine distribution in China.
C. Only the United States has used tariffs in this trade dispute with China.
D. Despite the tariffs, the volume of wine exports from the United States to China has increased slightly.
What would be the likely impact if the United States escalates the trade conflict by imposing large tariffs on products that are made in China but are most often purchased by middle income households and businesses in the United States?
Choose one:
A. Business costs will be lower, which will translate to lower prices for consumers in the United States.
B. Middle-income households will pay more for the tariffed products.
C. Chinese producers will be better off because of the higher prices of their exported products.
D. Consumers in the United States will be better off on account of the higher prices of imported products.
Homework Answers
Q1) The answer is (b) as Chile aims at taking advantage of the trade war and increase its foothold in the Chinese wine market by improving the distribution.
Q2) The answer is (b) as the middle-income households will have to pay a higher price since the price of imports has increased due to the tariffs.
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Goodman
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decades passed, the family-owned business...
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