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DR05-001-G Business law in the EU S05 EN 25/26

DR05-001-G Business law in the EU S05 EN 25/26

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What was one of the broader implications of the tariff policy mentioned in the article “What President Trump’s ‘Reciprocal’ Tariffs Mean for International Trade Law”?

It marked a return to trade norms of the XVII century

It undermined the predictability and security offered by international trade law

It led to the creation of a new trade bloc

It strengthened global trade cooperation

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Which of the following statement is true about the EU Common Commercial Policy?

It does not concern antidumping duties

It also regards foreign direct investment

It has never been criticised by public opinion

It falls under the shared competences of the EU

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Based on the article “What President Trump’s ‘Reciprocal’ Tariffs Mean for International Trade Law”, what was the primary legal concern raised about President Trump’s “reciprocal” tariffs?

They were supported by the WTO

They violated multiple international trade agreements

They only applied to non-EU countries

They were not approved by Congress

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How did the article “What President Trump’s ‘Reciprocal’ Tariffs Mean for International Trade Law” describe the method used to calculate the new tariffs?

Derived from a misleading formula allegedly suggested by ChatGPT

Calculated by the Department of Commerce

Based on historical trade balances

Using a formula developed by the WTO

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Based in the article “What President Trump’s ‘Reciprocal’ Tariffs Mean for International Trade Law”, what distinguishes the new tariffs from those imposed during Trump’s first administration?

They were justified under environmental protection

They were antithetical to the institution of international trade law

They were approved by the UN

They were lower and more targeted

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What does the author of the article “What President Trump’s ‘Reciprocal’ Tariffs Mean for International Trade Law” suggest other countries should do in response to the U.S. tariff policy?

Treat the U.S. as an outcast in the trade regime while respecting trade law among themselves

Impose identical tariffs on the U.S.

Withdraw from the WTO

File a complaint with the UN

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Which of the following statement is true about the EU-UK Trade and Cooperation Agreement?

It provides for zero tariffs and zero quotas on all goods that comply with the appropriate rules of origin

It encompasses provisions on judicial cooperation in criminal matters and decisions relating to equivalences for financial services

It does not include provisions on social security coordination

It sets out preferential arrangements in trade for goods and in services, excluding fisheries and energy

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