Global EditionASIA 中文雙語Fran?ais
    CHINADAILY Editorial

    Trump proposes fresh salvo of tariffs in his war for spoils: China Daily editorial

    chinadaily.com.cn | Updated: 2018-02-13 21:36
    Share
    Share - WeChat
    US President Donald Trump delivers a speech on tax reform after touring Sheffer Corporation in Blue Ash outside Cincinnati, Ohio February 5, 2018. [Photo/Agencies]

    It is yet to be seen whether US President Donald Trump’s threat of a “reciprocal tax” on goods imported from countries that levy tariffs on US products was just a reiteration of his campaign trail slogans as some observers believe.

    For the harm such tariffs would inflict on the world’s most important and most active trade ties, it would be better for the proposal to be what some critics assume — more bark than bite.

    To this point, no details have been forthcoming, and reportedly nothing formal is in the works, although Trump promised progress “during the week and during the coming months”.

    However, such influential tariffs would need the approval of Congress, and a similar idea of a border adjustment tax was shot down by congressional Republicans last year.

    While Trump’s rhetoric on Monday might just be another bid to help the US in its endeavors to renegotiate trade deals, it is a costly miscalculation to underestimate the disruption he is bringing to the international trade scene.

    Trump’s personal discontent with US trade relations with other nations, from China to the US’ allies and neighbors, is notoriously biased. His otherwise understandable preoccupation with reducing US trade deficits has been led astray by indiscriminate America-centrism and his overall refusal to accept widely accepted international trade protocols and practices, which are outcomes of mostly US-initiated and dominated trade negotiations under the framework of the World Trade Organization. Even the relatively low US duty structure was itself a negotiated outcome.

    While blaming the present US duty structure for his country’s trade deficits, Trump is knowingly denying its historical contribution to the prosperity his country enjoys, as well as the benefits it brings to the average American consumer and business.

    “A 10 percent tax on imports is akin to a 10 percent additional tax on your Walmart checkout,” says Christine McDaniel, a former trade economist at the White House.

    If Trump honors his campaign promise to impose much higher tariffs on imported goods, it will significantly drive prices up for countless imported commodities, including daily necessities, making them unaffordable for ordinary Americans.

    Considering the punitive tariffs his administration recently imposed on imported washing machines and solar panels, it is very likely Trump will press ahead with the “reciprocal tax”, even if not in a wholesale manner.

    The US will gain little, but nevertheless its trade partners must act accordingly to protect themselves.

    Today's Top News

    Editor's picks

    Most Viewed

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    久久久久久亚洲AV无码专区| 中文字幕在线播放| 最新国产精品无码| 亚洲精品无码鲁网中文电影 | 国产V片在线播放免费无码 | 中文字幕无码精品亚洲资源网久久| 日韩精品无码Av一区二区| 亚洲AV无码码潮喷在线观看| 最好看最新高清中文视频| 亚洲Av无码国产情品久久| 精品无码人妻一区二区三区 | 亚洲AV无码成人精品区蜜桃| 亚洲精品99久久久久中文字幕 | 中文字幕一区二区人妻性色| 99无码熟妇丰满人妻啪啪| 无码日韩精品一区二区三区免费| 亚洲欧美日韩中文字幕一区二区三区| 日韩精品一区二区三区中文| 无码人妻精品一区二区蜜桃AV| 人妻无码一区二区三区免费| 亚洲AV无码一区二区二三区软件| 亚洲日本中文字幕天堂网| 日本一区二区三区中文字幕| 爆操夜夜操天天操中文| 欧美视频中文字幕| 最近中文字幕免费2019| 痴汉中文字幕视频一区| 中文字幕免费视频| 欧美日韩亚洲中文字幕二区| 最近中文字幕完整在线看一| 国产中文在线亚洲精品官网| 久久精品亚洲乱码伦伦中文| 在线亚洲欧美中文精品| 十八禁视频在线观看免费无码无遮挡骂过| 少妇中文无码高清| 国产色综合久久无码有码| 中文字幕日韩精品无码内射| 亚洲AV日韩AV永久无码绿巨人| 无码少妇精品一区二区免费动态| 日韩国产成人无码av毛片| 国产精品毛片无码|