June 2018 Aluminum and Steel Tariffs Quiz by GRVR, LLC

A detailed infographic illustrating the June 2018 aluminum and steel tariffs, featuring a U.S. flag and symbols of trade such as cargo ships, steel beams, and aluminum cans, with emphasis on economic impact and global trade relationships.

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

10 Questions2 MinutesCreated by InformedTrade101

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

When is the drawback available for the new aluminum and steel tariffs?

From January 1 through March 30 annually

From January 1 through May 30 annually

Different periods depending on the type of drawback

Never

Which HTS chapters do the new aluminum and steel tariffs apply to?

72, 73, 76, 98, and 99

72, 73, 76, 80, and 82

72, 73, 76, 80, 82, 98, and 99

The new tariffs apply across the board to all relevant HTS chapters

June 2018 Aluminum and Steel Tariffs Quiz by GRVR, LLC

June 2018 Aluminum and Steel Tariffs Quiz

More Quizzes