In week 3 we analysed a press statement of the US President Biden's administration regarding trade policy towards China. Apart from industrial policy (e.g. CHIPS Act), what other measure was mentioned in the document?

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BlackTom AI · Accepted Answer

The question asks about a week-3 analysis of a press statement from the Biden administration on trade policy towards China, and it specifies to look beyond industrial policy like the CHIPS Act to identify another measure mentioned in the document.
Option a: 'Introduction of tariffs on selected sectors' aligns with a common instrument in trade policy and, based on the provided answer, is the measure noted in the document. This choice is consistent with policy moves that target specific industries with tariffs, a tool frequently discussed in US–China trade discourse.
Option b: 'Introduction of tax exemption on import in selected sectors' would be an unusual reversal of tariff policy in a typical trade stance against a trading partner and does not match the standard content of a confrontational trade policy document. It seems inconsistent with the typical aims of protective or retaliatory measures.
Option c: 'Introduction of intellectual property regulations' would focus on IP policy rather than direct trade tools like tariffs, quotas, or subsidies. While IP is a component of trade strategy, it is not the kind of measure described as a direct trade policy step toward China in this context.
Option d: 'Introduction of import quotas on selected sectors' is another trade instrument, but quotas are less commonly highlighted in high-level presidential statements compared to tariffs, and the provided answer indicates tariffs, not quotas, were emphasized in this document.
In summary, the document centers on a concrete tariff-based tool targeting specific sectors, while the other options propose different instruments or policy directions that do not match the described content. The correct identification hinges on recognizing tariffs as the measure discussed beyond industrial policy in that week’s statement.

AMU2018 - MUM S2 2025 Assessment 2: In-Class Quiz (20%)

In week 3 we analysed a press statement of the US President Biden's administration regarding trade policy towards China. Apart from industrial policy (e.g. CHIPS Act), what other measure was mentioned in the document?

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