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

Interview: Trump's arguments of imposing tariffs on China "tenuous" -- UAE expert

Source: Xinhua| 2018-03-23 13:05:55|Editor: Liangyu
Video PlayerClose

DUBAI, March 22 (Xinhua) -- U.S. President Donald Trump's latest trade threats against China are yet another example of "shoot from the hip policy-making," said an expert from the United Arab Emirates (UAE) on Thursday.

"Many companies in the United States have lobbied him to back down on tariffs he is about to impose on China," said Gary Dugan, chief investment officer at the Dubai-based consulting firm Namara Wealth Advisors.

"Trump's arguments for imposing tariffs are tenuous even if he had a valid argument concerning protection of patent on technology," he added.

The expert said the large U.S. deficit with China is mostly "self-inflicted."

The deficit is partly caused by U.S. companies' exporting their products back to the United States after the products were manufactured in China, Dugan noted.

Besides, he said, the U.S. government restricts the sale of some high-valued products to China based on the argument that they do not want to share some leading-edge technology with China.

Dugan also saw Trump's move as a political manoeuvre targeting the upcoming mid-term elections in November.

"These tariffs are in my view not about real trade issues but purely about the U.S. president's pandering to an ill-informed electorate," he said.

Earlier in the month, Nasser Saidi, a Dubai-based economist and former Lebanese economy minister, said Trump's imposition of substantial tariffs on steel and aluminum has triggered "fear of a trade war and has sent shock waves worldwide."

Earlier in March, Trump announced that the United States would slap a 25-percent tariff on imported steel and a 10-percent one on imported aluminum, sparking widespread criticism and opposition among congressional Republicans, business groups and its trading partners.

Earlier on Thursday, Saidi said on Twitter that Trump's latest tariff policy imposed on China "has the possibility to derail global trade and economic growth."

The UAE financial community will observe the impact of the shockwaves on global trade as China has emerged as the Gulf state's biggest non-oil trade partner, said Saidi.

China remained as the UAE's top trade partner in 2016, UAE state news agency WAM reported earlier, citing statistics from the UAE's Ministry of Economy.

The UAE-China trade totalled 170.2 billion dirhams (46 billion U.S. dollars) in 2016, down slightly from 174.6 billion dirhams (47.1 billion dollars )in 2015 and 175.8 billion dirhams (47.5 billion dollars) in 2014.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370597081
主站蜘蛛池模板: 枣强县| 城口县| 桦甸市| 锡林浩特市| 灌南县| 平邑县| 崇州市| 达孜县| 隆子县| 闸北区| 双流县| 北京市| 方城县| 丰原市| 师宗县| 望江县| 饶阳县| 桦川县| 驻马店市| 绵阳市| 郧西县| 阳山县| 上虞市| 西平县| 张北县| 曲阜市| 碌曲县| 岳普湖县| 商都县| 兴和县| 麟游县| 淳安县| 兰坪| 安龙县| 毕节市| 醴陵市| 安吉县| 安多县| 桦甸市| 邵阳市| 长阳|