Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / China US trade tensions

    Consumers suffer most in tariff escalation: US expert

    Xinhua | Updated: 2018-07-12 17:02
    Share
    Share - WeChat

    HOUSTON - Consumers usually suffer the most in times of tariff hikes, a US expert has said.

    Gabriel Collins, Baker Botts Fellow in Energy and Environmental Regulatory Affairs at the Baker Institute Center for Energy Studies, a think tank and a nonpartisan center for public policy research based in Houston, southern United States, made the remarks when commenting on the trade tension between the United States and China.

    "I think the party who often suffers the most is the consumer themselves because that is where tariffs end up. The increased prices passed on to the consumers," he said in an interview with Xinhua on Tuesday.

    Collins explained that with tariff hikes, companies have no other choice but to pass some of the price burden to the end consumer, which would fundamentally destroy economic development.

    "The burden of the tariff has to find somewhere. So the question is does the company effectively eat that or pass some of it to the consumer. But the bottom line is either way you are destroying economic value in that process. It's not a welcoming event by any means," said the expert.

    As for the trade deficit between the United States and China, Collins said main stream economists believe trade deficit reflects the comparative advantage one side may have over another, and also the differences in national saving rate. He argued that putting tariff is not a good option to resolve trade deficit which is not accepted as purely negative.

    "I think the trade deficit being inherently negative is not widely accepted in the US economic studies. It's something not necessarily reflects reality," he commented, adding that "the tariff is not the most appropriate tool in most cases dealing with the real core issue we face in US-China economic relationship."

    Washington on Friday announced a 25-percent additional tariffs on $34 billion of imports from China.

    In the latest escalation of its trade offensive against China, the United States said Tuesday it will impose 10-percent tariffs on an additional $200 billion of Chinese imports.

    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
    CLOSE
     
    中文无码人妻有码人妻中文字幕| 无码午夜成人1000部免费视频| 亚洲AV无码成人精品区天堂| 亚洲开心婷婷中文字幕 | 亚洲精品成人无码中文毛片不卡 | 无码人妻黑人中文字幕| 天堂中文字幕在线| 中文字幕人妻无码一区二区三区| 波多野42部无码喷潮在线| 亚洲精品无码AV人在线播放| 久久精品中文字幕有码| 亚洲中文字幕不卡无码| 国产亚洲中文日本不卡二区| 人妻无码久久精品| 国产成年无码久久久久毛片| 人妻无码αv中文字幕久久| 永久免费av无码网站yy| 日韩人妻无码一区二区三区| 中文字幕亚洲第一在线| 亚洲电影中文字幕| 中文在线最新版天堂8| 波多野结衣中文字幕在线| 一本大道无码日韩精品影视 | 久久精品中文闷骚内射| 国产精品 中文字幕 亚洲 欧美 | 精品久久久久久无码国产| 人妻丰满熟妞av无码区| 日韩精品无码免费一区二区三区| 无码毛片视频一区二区本码| 亚洲av中文无码乱人伦在线咪咕| 亚洲中文久久精品无码| 免费无码H肉动漫在线观看麻豆| 日韩精品无码免费专区网站| 国精品无码一区二区三区在线蜜臀 | 亚洲AV永久无码区成人网站| 亚洲av无码精品网站| 亚洲AV人无码综合在线观看| 蜜桃臀无码内射一区二区三区| 久久久久无码精品国产| 国产日韩AV免费无码一区二区三区| 免费A级毛片无码无遮挡|