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

U.S. tariffs on Chinese imports risk disrupting U.S., global trade, say economists

Source: Xinhua| 2018-03-24 15:15:09|Editor: Yurou
Video PlayerClose

DUBAI, March 24 (Xinhua) -- The recent U.S. proposal to impose huge tariffs on Chinese imports may lead to China's retaliation and disruption of global trade, exposing the U.S. economy to risks, say economists.

Dr. Nasser Saidi, former chief economist of the Dubai International Financial Center, told Xinhua by e-mail on Friday that U.S. President Donald Trump kept his protectionist campaign promises by imposing tariffs on aluminum and steel earlier and now on intellectual property products on the pretext of "unfair practices," which may trigger a trade war.

This poses "a clear risk that the Trump trade war will disrupt the global trade engine and derail the ongoing global economic recovery," he said.

Trump's moves "are likely to lead to retaliation by China," and the Asian country as the world's second largest economy has "a wide range of options including (imposing) tariffs on aircraft (Boeing and others) and transport equipment, as well as non-tariff barriers," the economist added.

This tit-for-tat scenario poses a risk for global trade, he said, with the global stock markets as an example, which have plunged since Thursday in response to the growing economic policy uncertainty.

In another e-mail interview with Xinhua on Friday, Tim Fox, chief economist of Dubai's biggest banking group Emirates NBD, said these measures by the Trump administration "also expose the U.S. economy to risks if China retaliates, especially against the U.S. agriculture sector."

"Of course, China has the ultimate retaliation card if they want to play it, namely it's holding of U.S. treasuries," Fox said.

Fox warned "Once (the United States) starts a trade war with China, (it) could be very hard to reverse."

U.S. President Donald Trump signed a memorandum on Thursday that could impose tariffs on up to 60 billion U.S. dollars of imports from China and restrict Chinese investments in the United States, fueling fears that the world's two largest economies could be sliding toward a trade war.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370623341
主站蜘蛛池模板: 泗水县| 大田县| 巫山县| 左贡县| 同江市| 澄迈县| 剑河县| 南投市| 景泰县| 孝义市| 高邑县| 越西县| 白朗县| 枝江市| 屯门区| 葵青区| 海兴县| 六安市| 泰兴市| 郴州市| 永胜县| 大厂| 怀来县| 监利县| 赤水市| 罗江县| 女性| 牙克石市| 海安县| 阜新| 甘南县| 枞阳县| 郁南县| 扶沟县| 新郑市| SHOW| 绵阳市| 淮滨县| 莱阳市| 德化县| 启东市|