"/>

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

Tariffs' potential damage to U.S. economy greater than benefit to steel, trade official says

Source: Xinhua    2018-03-11 05:37:31

CHICAGO, March 10 (Xinhua) -- Imposing tariffs may help U.S. steel workers, "but the potential damage to the overall economy might be greater than the benefit to the steel industry," a trade official in the U.S. state of Iowa has said.

"Iowa soybean farmers are very concerned about the potential impact" of imposing heavy tariffs on imported steel and aluminum, Kirk Leeds, CEO of Iowa Soybean Association (ISA) that serves more than 11,000 members across the agricultural state, told Xinhua.

Despite mounting dissensions amid trading partners around the world, U.S. President Donald Trump on Thursday signed proclamations to impose a 25-percent tariff on imported steel and a 10-percent tariff on aluminum.

In an open letter to Trump on Wednesday, all six congressional lawmakers from Iowa warned that the tariffs "could set into motion a chain of retaliatory measures, hurting Iowans from the family farm to the family-owned manufacturing plant."

"As farmers have already faced several years of low commodity prices, any hit to demand would be devastating to their financial situations," the letter said.

Marina Whitman, professor emerita of business administration and public policy at the University of Michigan, echoed Leeds' word.

Trump's tariffs "are likely to raise prices of consumer goods containing aluminum or steel and, more important, will raise them for manufacturers whose products use aluminum and steel, making them less competitive."

"A lot more people are employed in the U.S. in companies using aluminum and/or steel in their products than in those making them," she said. Moreover, "it is a major step toward undermining the international rule of law in trade, which the U.S. took the lead in creating ever since WWII."

The American Soybean Association also responded forcefully to the tariffs. "These tariffs are a disastrous course of action from the White House. They may lead to retaliation by one or more of our valuable trading partners, which in turn will kneecap demand for soybeans in a time when the farm economy is struggling," it said in a statement.

Agricultural trade has been the ballast in the ships sailing in the sea of trade between the United States and China.

"The only way to maintain good trade relations between China and the U.S. is to make sure that both sides continue to fully engage in conversation, negotiations and open dialogue," said Leeds, which will soon pay a visit to China.

"Over the years, the ISA has developed very deep and meaningful relationship with many friends in China," he said. "We will continue to reach out to these friends as we navigate these unsettled times."

"China is an important customer of the Iowa soybean farmers and we look forward to working with our friends to overcome what we hope are short-term challenges," Leeds said.

"We need to make sure that these current waves of discontent in trade between our two important countries do not disrupt agricultural trade," Leeds added.

Editor: Yurou
Related News
Xinhuanet

Tariffs' potential damage to U.S. economy greater than benefit to steel, trade official says

Source: Xinhua 2018-03-11 05:37:31

CHICAGO, March 10 (Xinhua) -- Imposing tariffs may help U.S. steel workers, "but the potential damage to the overall economy might be greater than the benefit to the steel industry," a trade official in the U.S. state of Iowa has said.

"Iowa soybean farmers are very concerned about the potential impact" of imposing heavy tariffs on imported steel and aluminum, Kirk Leeds, CEO of Iowa Soybean Association (ISA) that serves more than 11,000 members across the agricultural state, told Xinhua.

Despite mounting dissensions amid trading partners around the world, U.S. President Donald Trump on Thursday signed proclamations to impose a 25-percent tariff on imported steel and a 10-percent tariff on aluminum.

In an open letter to Trump on Wednesday, all six congressional lawmakers from Iowa warned that the tariffs "could set into motion a chain of retaliatory measures, hurting Iowans from the family farm to the family-owned manufacturing plant."

"As farmers have already faced several years of low commodity prices, any hit to demand would be devastating to their financial situations," the letter said.

Marina Whitman, professor emerita of business administration and public policy at the University of Michigan, echoed Leeds' word.

Trump's tariffs "are likely to raise prices of consumer goods containing aluminum or steel and, more important, will raise them for manufacturers whose products use aluminum and steel, making them less competitive."

"A lot more people are employed in the U.S. in companies using aluminum and/or steel in their products than in those making them," she said. Moreover, "it is a major step toward undermining the international rule of law in trade, which the U.S. took the lead in creating ever since WWII."

The American Soybean Association also responded forcefully to the tariffs. "These tariffs are a disastrous course of action from the White House. They may lead to retaliation by one or more of our valuable trading partners, which in turn will kneecap demand for soybeans in a time when the farm economy is struggling," it said in a statement.

Agricultural trade has been the ballast in the ships sailing in the sea of trade between the United States and China.

"The only way to maintain good trade relations between China and the U.S. is to make sure that both sides continue to fully engage in conversation, negotiations and open dialogue," said Leeds, which will soon pay a visit to China.

"Over the years, the ISA has developed very deep and meaningful relationship with many friends in China," he said. "We will continue to reach out to these friends as we navigate these unsettled times."

"China is an important customer of the Iowa soybean farmers and we look forward to working with our friends to overcome what we hope are short-term challenges," Leeds said.

"We need to make sure that these current waves of discontent in trade between our two important countries do not disrupt agricultural trade," Leeds added.

[Editor: huaxia]
010020070750000000000000011100001370301741
主站蜘蛛池模板: 甘南县| 万年县| 枝江市| 铜鼓县| 蒙城县| 巧家县| 泸定县| 凤翔县| 东源县| 当涂县| 墨江| 夏津县| 巨鹿县| 东兰县| 手游| 眉山市| 日土县| 枞阳县| 东平县| 沙雅县| 青铜峡市| 涟水县| 高密市| 会昌县| 咸丰县| 彭州市| 中山市| 铁岭县| 佳木斯市| 诸暨市| 长白| 白朗县| 宁津县| 麦盖提县| 开原市| 新津县| 星座| 澄江县| 启东市| 竹山县| 天气|