"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Expert warns Trump's tariffs will hurt U.S. businesses, consumers

Source: Xinhua    2018-03-10 19:16:10

LOS ANGELES, March 9 (Xinhua) -- The tariffs on steel and aluminum imposed by the Trump administration will increase costs for local producers and raise prices for American consumers, an international trade specialist said Friday.

Brian Peck, director of the Center for Transnational Law and Business at the University of Southern California, said the executive order signed by U.S. President Donald Trump to impose tariffs on steel and aluminum imported from foreign countries will "have a significant negative impact on American consumers and the economy."

"A large number of U.S. manufacturers use imported steel and aluminum to produce items such as appliances, autos and beverage cans," he told Xinhua.

"The 25 percent tariffs on steel and 10 percent tariffs on aluminum will increase the cost of production for goods and items that use these materials," he said.

Peck used to hold multiple positions in the Office of the U.S. Trade Representative from 2001 to 2005 and once served as deputy director of international affairs and business development at the California Governor's Office of Business and Economic Development in 2014.

He predicted that the cost rise will lead to a price hike for American consumers, and meanwhile U.S. goods will become more expensive and less competitive in the global market.

"These tariffs also run the risk of costing jobs in manufacturing sectors that use imported steel and aluminum. The last time that the United States imposed tariffs on steel imports in 2002, 200,000 jobs were lost," Peck said.

Despite mounting dissensions amid trading partners around the world, Trump formally signed proclamations to impose the tariffs, vowing to protect the U.S. steel and aluminum industry in the name of national security.

However, a recent study by the Trade Partnership, a Washington D.C.-based consulting firm, estimated that Trump's new tariffs would result in a net loss of 146,000 jobs in the United States after accounting for positive impacts on U.S. steel and aluminum producers.

"In addition, the tariffs if imposed on steel and aluminum from key trading partners will likely lead to retaliation in the form of higher tariffs on U.S. exports which could escalate into a trade war that almost all economists agree would have a very negative impact on the global economy," Peck said.

Editor: Lifang
Related News
Xinhuanet

Expert warns Trump's tariffs will hurt U.S. businesses, consumers

Source: Xinhua 2018-03-10 19:16:10

LOS ANGELES, March 9 (Xinhua) -- The tariffs on steel and aluminum imposed by the Trump administration will increase costs for local producers and raise prices for American consumers, an international trade specialist said Friday.

Brian Peck, director of the Center for Transnational Law and Business at the University of Southern California, said the executive order signed by U.S. President Donald Trump to impose tariffs on steel and aluminum imported from foreign countries will "have a significant negative impact on American consumers and the economy."

"A large number of U.S. manufacturers use imported steel and aluminum to produce items such as appliances, autos and beverage cans," he told Xinhua.

"The 25 percent tariffs on steel and 10 percent tariffs on aluminum will increase the cost of production for goods and items that use these materials," he said.

Peck used to hold multiple positions in the Office of the U.S. Trade Representative from 2001 to 2005 and once served as deputy director of international affairs and business development at the California Governor's Office of Business and Economic Development in 2014.

He predicted that the cost rise will lead to a price hike for American consumers, and meanwhile U.S. goods will become more expensive and less competitive in the global market.

"These tariffs also run the risk of costing jobs in manufacturing sectors that use imported steel and aluminum. The last time that the United States imposed tariffs on steel imports in 2002, 200,000 jobs were lost," Peck said.

Despite mounting dissensions amid trading partners around the world, Trump formally signed proclamations to impose the tariffs, vowing to protect the U.S. steel and aluminum industry in the name of national security.

However, a recent study by the Trade Partnership, a Washington D.C.-based consulting firm, estimated that Trump's new tariffs would result in a net loss of 146,000 jobs in the United States after accounting for positive impacts on U.S. steel and aluminum producers.

"In addition, the tariffs if imposed on steel and aluminum from key trading partners will likely lead to retaliation in the form of higher tariffs on U.S. exports which could escalate into a trade war that almost all economists agree would have a very negative impact on the global economy," Peck said.

[Editor: huaxia]
010020070750000000000000011100001370298661
主站蜘蛛池模板: 高雄县| 内乡县| 太仓市| 萝北县| 二手房| 界首市| 岳普湖县| 五峰| 越西县| 泽库县| 东阿县| 开化县| 昂仁县| 永定县| 砀山县| 武城县| 墨竹工卡县| 邵阳市| 泊头市| 乐安县| 合川市| 宁城县| 海阳市| 长岭县| 松溪县| 山西省| 开鲁县| 淳化县| 南丹县| 禹城市| 肥东县| 两当县| 绥阳县| 上蔡县| 永春县| 泰来县| 岗巴县| 密云县| 夏邑县| 新河县| 永顺县|