三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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

Tariffs hurt US industries, consumers

Xinhua | Updated: 2018-07-24 10:59
Share
Share - WeChat
The decision to impose tariffs on Chinese goods impacts a wide range of US industries because of the intricate links with international supply chains. [Photo/IC]

NEW YORK - United States spirits exports to China amounted to $12.8 million in 2017, up from just $959,000 in 2001. But the ongoing trade tension between the US and China has cast a shadow over the otherwise promising growth.

The White House announced 25 percent tariffs on $34 billion of Chinese products this month, escalating trade tensions between the US and China. China retaliated with duties on the same value of US goods.

The retaliatory tariffs China has imposed on US whiskeys could "put the brakes on an American export success story", said Christine LoCascio, senior vice-president of international affairs at the Distilled Spirits Council of the United States.

In the latest escalation of its trade offensive against China, the US said on July 10 that it will impose 10 percent tariffs on an additional $200 billion of Chinese imports.

LoCascio and her colleagues used to be upbeat about US whiskey's long-term export growth in China, which last year further lowered its tariffs on whiskeys and brandies to 5 percent as part of a wider effort to lower tariffs on a range of consumer goods imports.

Now LoCascio can only hope the two largest economies "soon resolve their differences" so that the interests of US whiskey exporters and farmers, as well as Chinese consumers can be protected.

The tit-for-tat tariffs are going to have a huge ripple effect on the US economy, experts and industry leaders said.

Like the whiskey distillers, US farmers producing soybeans, dairy, cotton, lobsters, apples and much more, are feeling the heat.

"The tariffs will impact almost everybody in Maine as people in the state are more or less involved in the industry," said Annie Tselikis, executive director of the Maine Lobster Dealers' Association.

China accounts for 15 to 20 percent of the export value of US lobsters, she said. There are roughly 4,500 licensed lobster catchers in Maine and about 10,000 to 12,000 people are directly employed in the industry.

With China's retaliatory tariffs, Tselikis said the US lobster industry will further lose its edge over its main rivals, such as Canada, which struck a trade agreement with the European Union last year that will cut tariffs on lobsters in five years.

"Soybeans are the top agriculture export for the United States, and China is the top market," John Heisdorffer, president of the American Soybean Association, said in a recent statement. "The math is simple. You tax soybean exports at 25 percent, and you have serious damage to US farmers."

Jaime Castaneda, senior vice-president of the US Dairy Export Council, said the retaliatory tariffs have been a "one-two punch" that has left the industry reeling.

Dairy producers, who had three years of low prices, were expecting to get back to profitable margins this fall. "All that is gone now," Castaneda said.

The China market has significant growth potential for US apple farmers, said Tracy Grondine, a spokesperson for the US Apple Association.

The industry gained access to the China market - the largest consumer market in the world - about three years ago. Now China is its sixth-largest export market, according to Grondine.

"If momentum is lost it will be difficult to regain. What we will likely see happening in the short term is apples that were destined for export markets will instead overhang the US market," she said.

The decision to impose tariffs on Chinese goods will also impact a wide range of US industries because of the intricate links with international supply chains. For example, the tariffs will affect parts of planes and vehicles made in China.

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
 
主站蜘蛛池模板: 未成人禁止视频高清在线观看 | 国内国产真实露脸对白 | 亚洲欧美日韩不卡一区二区三区 | 在线观看中文字幕2021 | 欧美一级特黄真人毛片 | 日本三级带日本三级带黄国产 | 日本免费一区二区三区a区 日本内谢69xxxx免费播放 | 性色生活片 | 青青草久热精品视频在线观看 | 五月六月婷婷 | 欧美成人片在线 | 亚洲欧美国产日产综合不卡 | 在线一区免费播放 | 午夜社区| 最新国产你懂的在线网址 | 久久精品国产精品亚洲红杏 | 高清中文字幕视频在线播 | 色一情一乱一伦一区二区三区 | 长腿美女校花宿舍嗷嗷嗷大叫 | 黄色网址国产 | 国产精品中文字幕在线 | 中国一级毛片录像 | 91福利区| 国产亚洲精品色一区 | 欧美成人精品一级高清片 | 一级一级毛片看看 | 美国毛片亚洲社区在线观看 | 九九热国产精品视频 | 国产免费黄色大片 | 国产aaa免费视频国产 | 1级黄色毛片 | 欧美一区二三区 | 一级片黄色一级片 | 自拍在线观看 | 一级片免费 | 亚洲综合区 | 亚洲欧美一 | 黄色一级免费观看 | 毛片在线播放网址 | 黑人巨大vs北条麻妃在线 | 亚洲国产精品久久久久婷婷老年 |