June 2018 Aluminum and Steel Tariffs Quiz by GRVR, LLC
June 2018 Aluminum and Steel Tariffs Quiz
Test your knowledge about the June 2018 tariffs on aluminum and steel! This quiz covers the legal justifications, exemptions, and relevant regulations related to these trade measures. Whether you're a student, professional, or just curious, this quiz will help you understand the implications of these tariffs.
- Multiple choice and checkbox questions
- Learn about Section 232 of the Trade Expansion Act
- Discover the countries affected by the tariffs
The new tariffs amount to
25% on steel and aluminum
25% on steel and 10% on aluminum
10% on steel and 25% on aluminum
10% on steel and aluminum
The President's legal justification for the new tariffs is
The federal treasury needs more money
A trade imbalance threatens job growth
The new tariffs are in the best interest of domestic manufacturers
Imported steel and aluminum threatened to impair the national security
Why is Section 232 of the Trade Expansion Act of 1962 relevant?
It allowed the President to unilaterally impose the tariffs on steel and aluminum, set quotas, and exempt certain countries
It set the percentage of the tariff increases
It exempted US steel and aluminum manufacturers from foreign tariffs
It is irrelevant
Which countries did the President permanently exempt from new steel and aluminum tariffs?
Argentina, Australia, Brazil, and South Korea
Canada and Mexico
Argentina, Peru, and South Korea
None
Which countries did the President temporarily exempt from new steel and aluminum tariffs and that exemption expired recently?
Canada, Mexico, and the European Union
The European Union
Canada and Mexico
The President did not temporarily exempt any countries
President imposed absolute quotas on which countries?
Canada, Mexico, and the European Union
Canada and Mexico
Argentina, Brazil, and South Korea
The President did not impose absolute quotas
You may be granted an exclusion from the new tariffs if:
Your organization uses aluminum in business activities in the United States
Your imported steel or aluminum product is not produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality
For national security reasons
All of these options are correct
Exclusions are good for how long?
Permanent until rescinded by executive order
One year
Two years
Three years
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