久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Top News

US obsession with trade war costs Americans more

Xinhua | Updated: 2018-06-25 14:09
Share
Share - WeChat
An American flag flies outside the New York Stock Exchange. Stocks are off to a mostly lower start on Wall Street on May 31, 2018. [Photo/IC]

BEIJING - After the Trump administration threatened to slap additional tariffs on goods from US major trading partners, grievances have been aired on its home turf.

Manufacturers in the Rust Belt fear additional tariffs would antagonize their long-standing trade partners, leading to a decrease in exports. Soybean farmers throughout the Midwest are nervously watching how China, which buys a quarter of American soybeans, will respond in kind.

Traditional steel and aluminum manufacturers in the Great Lake states may benefit from the administration's 25-percent tariff on foreign steel, but for those who use the metal, it is an entirely different story. Metal users are paying higher prices. It is no strange that beverage producers fret about the impending price rises of aluminum cans, which will be passed on to consumers.

According to a report from the Peterson Institute for International Economics, the recent tariff list released by the Trump administration raises costs for many US companies sourcing components from overseas. US consumers will likely feel the effects of higher prices down the road.

Never forget the fact that, trade with China allowed American families to save 850 dollars per household in 2015, a study by the US China Business Council shows. This benefits brought by Chinese exports to the US consumers will be gone, and higher import duties will tax American consumers more.

As Brad Setser, a senior fellow at the Council on Foreign Relations, has tweeted, "No way you get there without putting tariffs on a lot of consumer goods imports, be it computers or cell phones and the like. More than 20 percent of the merchandise that the US imported from China last year were cell phones and computers."

Economists also doubt the Trump administration's stubborn thoughts on trade deficit. Stephen Roach, former chairman of Morgan Stanley Asia and senior fellow at Yale University's Jackson Institute for Global Affairs, said with the domestic saving rate at just 1.5 percent of national income in the first quarter of 2018, US multilateral trade deficit with 102 nations is unavoidable.

Roach has warned that trying to cure multilateral deficits with bilateral tariffs such as those being imposed on China can only backfire - shifting the Chinese piece of the US trade deficit to higher cost producers and thereby taxing American consumers.

"President Trump's trade fix runs counter to his avowed promise to make America great again," he said.

Nevertheless, the Trump administration has doubled down on its unilateralism and protectionism by threatening to slap additional tariffs on $200 billion worth of Chinese goods.

This came two days after tariffs on $50 billion of Chinese imports were announced, just weeks after Treasury Secretary Steven Mnuchin said his country put a trade war with China on hold.

It should be noted that the storyline of the China-US trade spat could have been less combative, and the Americans do not necessarily have to bear the costs of a trade war.

According to the spokesperson of China's Ministry of Commerce, during their previous rounds of talks, Chinese and American negotiators had once "borne fruit with clear negotiation roadmaps and timetables."

In other words, if the Trump administration didn't re-announce additional tariffs against Chinese products, both sides would have planned further consultations on manufacturing and services, as well as structural problems, after making detailed consultations on agriculture and energy.

To enhance the resilience and competitiveness of the American economy, the US government needs to foster a business and trade environment deemed by its major trading partners as reasonable and predictable. On the contrary, the U.S. government is hectically putting up trade barriers, restricting foreign investment and alienating its major trading partners.

Every act has its consequences. The false passion of the US administration is tarnishing the credibility and international image of the world's biggest economy, which will be another expensive mistake that the Americans have to deal with.

When business environment becomes less predictable, foreign investors will leave, and so will jobs. America's domestic industrial chains will be forced to make a change.

As a country who is lately consistently inconsistent, the United States of America is becoming the Unpredictable States of America. Honestly speaking, who wants uncertainty except speculators?

China is cutting tariffs across the board. Effective on July 1, China's average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced by 50 percent, and that for home appliances will be lowered by two-thirds. Import taxes on vehicles and auto parts will also be slashed on the same day.

But these incentives to foreign companies might have nothing to do with American manufacturers as the US administration is seemingly making all out efforts to have the US left out.

For decades, bilateral trade has been taken as the ballast stone of China-US relations. At this moment, the ballast stone is being recklessly tossed back and forth by the US side.

As the Chinese and American economies have been so mutually dependent, like it or not, they are already in the same boat. How can the US government assure its people a journey ahead safe and sound while stirring up monstrous sea waves for China?

Sadly, it seems that unless the Trump administration feels the pinch of a trade war, the American people will not be freed from the unnecessary costs.

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
CLOSE
 
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    www.黄色网址.com| 日本黄大片一区二区三区| 污污动漫在线观看| 成人小视频在线观看免费| 粉嫩虎白女毛片人体| 免费网站永久免费观看| 午夜视频在线网站| 青青青在线播放| 欧美中日韩在线| 亚洲第一色av| wwwwxxxx日韩| 欧美视频第一区| 国产成人一区二区三区别| 亚洲欧美手机在线| 日本三级免费观看| 六月婷婷在线视频| 少妇一晚三次一区二区三区| 欧美一级小视频| 天天插天天操天天射| 久久久精品在线视频| 国产一二三在线视频| 国产免费xxx| 日韩精品视频在线观看视频| 色www免费视频| 熟妇人妻无乱码中文字幕真矢织江| 免费超爽大片黄| 九一免费在线观看| 91免费视频污| 国产美女视频免费看| 国产一伦一伦一伦| 91人人澡人人爽人人精品| 国产极品美女高潮无套久久久| 国产毛片视频网站| 青草青青在线视频 | 精品这里只有精品| 免费高清一区二区三区| 人妻无码一区二区三区四区| 超碰97免费观看| 男人的天堂成人| 青青草影院在线观看| 久久久国产精华液999999 | 青青艹视频在线| 国产高清www| 91精品国产91久久久久麻豆 主演| 欧美 亚洲 视频| 日韩成人手机在线| 成人免费性视频| 国产av天堂无码一区二区三区| 成年人看的毛片| 鲁一鲁一鲁一鲁一澡| 欧美日韩第二页| 日本中文字幕高清| 久久黄色片网站| 中文字幕在线视频一区二区三区| 亚洲视频第二页| 国产av不卡一区二区| 成人毛片100部免费看| 成人免费在线网| 无码aⅴ精品一区二区三区浪潮| 久久精品免费一区二区| 激情内射人妻1区2区3区 | www.亚洲成人网| 欧美 日韩 亚洲 一区| 国模无码视频一区二区三区| 成熟老妇女视频| 亚洲国产日韩欧美在线观看| 激情在线观看视频| 国产视频在线观看网站| 国产成人无码a区在线观看视频| 激情网站五月天| 蜜桃福利午夜精品一区| 视色,视色影院,视色影库,视色网| 黄色成人在线免费观看| 日本在线观看a| 亚洲综合20p| 真人抽搐一进一出视频| 丁香婷婷激情网| 成年人免费观看的视频| 日韩中字在线观看| 一区二区三区国产免费| 久久黄色免费看| 天天爽人人爽夜夜爽| 午夜探花在线观看| 91九色在线观看视频| 亚洲一级免费观看| 成人午夜视频免费观看| 亚洲国产精品毛片av不卡在线| 91精品无人成人www| 97超碰在线视| 中文字幕第21页| 黄色一级大片免费| 亚洲色图38p| 成人免费看片'免费看| 中文字幕国产传媒| 999一区二区三区| 中文字幕国产传媒| 日韩一级片免费视频| 久热在线视频观看| 男人日女人视频网站| 日本超碰在线观看| 国产精品999视频| 国产资源中文字幕| 国产成人久久777777| 亚洲乱码日产精品bd在线观看| 无码日韩人妻精品久久蜜桃| 日韩精品免费一区| www.夜夜爽| 91传媒久久久| 日本免费黄色小视频| 色综合色综合色综合色综合| 人人干视频在线| 成年人三级视频| 污色网站在线观看| 男人天堂1024| 高清无码视频直接看| 五月天丁香花婷婷| 日本熟妇人妻xxxxx| 黄色激情在线视频| www.色.com| 国产精品一区二区小说| www.com毛片| 欧美精品在欧美一区二区| 亚洲精品久久久中文字幕| 欧美日韩在线不卡视频| 国产二区视频在线| 国产香蕉一区二区三区| www.久久久久久久久久久| 99久久国产宗和精品1上映| 精品人妻少妇一区二区| 日韩成人午夜影院| 99热一区二区三区| 视频免费1区二区三区| 超碰av在线免费观看| 日韩欧美精品在线观看视频| www..com日韩| 国产乱子伦精品视频| 一级一片免费播放| 红桃视频 国产| 91国内在线播放| 奇米影视四色在线| 婷婷激情四射五月天| 久久国产色av免费观看| 无码aⅴ精品一区二区三区浪潮| 精品少妇人妻av免费久久洗澡| 99久久久精品视频| 中文字幕日韩精品无码内射| 久久久无码中文字幕久...| av电影一区二区三区| 国产人妻互换一区二区| 青青草原播放器| 国产精品美女在线播放| 国产精品秘入口18禁麻豆免会员| 99热这里只有精品免费| www.激情网| 日韩精品一区在线视频| 无码熟妇人妻av在线电影| 精品免费久久久久久久| 国产精品日韩三级| av在线免费观看国产| 亚洲理论电影在线观看| 国产高清av在线播放| av7777777| 亚洲 中文字幕 日韩 无码| 国产理论在线播放| 午夜啪啪小视频| 五月天在线免费视频| japanese在线播放| aa视频在线播放| 无码aⅴ精品一区二区三区浪潮 | 日韩福利视频在线| 日韩av卡一卡二| 黄色一级片网址| 国产性生活免费视频| 黄页网站在线观看视频| 男女av免费观看| 久热精品在线播放| 国产一区一区三区| 国产九色porny| 欧美精品色婷婷五月综合| www.精品在线| 日韩欧美一级在线| 青娱乐自拍偷拍| 免费看污污网站| 国产日韩第一页| 少妇高潮喷水在线观看| 爱情岛论坛vip永久入口| 在线a免费观看| 少妇人妻无码专区视频| 一本久道中文无码字幕av| 久久精品亚洲天堂| 日本中文字幕在线视频观看| 成年人黄色片视频| 欧美视频亚洲图片| 国产91沈先生在线播放| 激情综合网婷婷| 国产系列第一页| 国产精品免费观看久久| 国内自拍第二页| 久色视频在线播放| 日韩视频在线观看一区二区三区|