The Trump administration raised tariffs on Chinese goods in order to reduce the U.S. trade deficit, but, in fact the trade deficit increased during the Trump administration.  Which of the following was NOT a reason that the trade deficit increased during the Trump administration?   Group of answer choices The large budget deficits resulting at least in part from President Trump's tax cuts led to a stronger dollar. As a result of a World Trade Organization decision, the United States was forced to lower some of the tariffs, which weakened their impact. Although Chinese goods became more expensive as a result of the tariffs, Americans merely purchased imports from other countries instead. Deficit spending during the Trump administration enabled the economic boom from the Obama administration to continue and Americans used their wealth to buy foreign goods.

icon
Related questions
Question

The Trump administration raised tariffs on Chinese goods in order to reduce the U.S. trade deficit, but, in fact the trade deficit increased during the Trump administration.  Which of the following was NOT a reason that the trade deficit increased during the Trump administration?

 

Group of answer choices
The large budget deficits resulting at least in part from President Trump's tax cuts led to a stronger dollar.
As a result of a World Trade Organization decision, the United States was forced to lower some of the tariffs, which weakened their impact.
Although Chinese goods became more expensive as a result of the tariffs, Americans merely purchased imports from other countries instead.
Deficit spending during the Trump administration enabled the economic boom from the Obama administration to continue and Americans used their wealth to buy foreign goods.
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution