日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Trump' tariffs 'counterproductive' to American economy, says expert

Xinhua | Updated: 2018-03-23 17:34
Share
Share - WeChat

NEW HAVEN, United States - US President Donald Trump's tariffs are "counterproductive" to the American economy, said Paul Kennedy, a history professor at Yale University.

Trump has taken a simplistic view of the trade relationship, the 72-year-old Kennedy told Xinhua in an exclusive interview on Thursday. He is best known for his 1987 epic book "The Rise and Fall of the Great Powers."

No simple win-lose game

Despite strong warnings from trade experts, Trump on Thursday signed a memorandum that could impose tariffs on up to $60 billion of imports from China, the latest unilateral move that poses a threat to global trade.

The move follows Trump's recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and washing machines, which have been chided by business groups as an act of protectionism.

"The simplistic view of a win-lose in an economic, visible trade of goods would be derided by every economist we know, even by Republican economists," said Kennedy, commenting on the decision of the Republican-backed president.

The Yale professor pointed out that, following Trump's logic, China's trade surplus with the United States is because "the Chinese are selling more to us then we're selling to them."

But the tariffs "will be more counterproductive than helpful to the American economic position," said the historian, who also specializes in international relations.

"There are many, many more workers employed in the use of aluminum and steel than there are in the production of aluminum and steel," said Kennedy.

"So for every one American worker who will be pleased at Mr Trump's announcement of tariffs, there will be ten American workers whose own products in his or her factory will be affected by the cost of the tariff," the scholar added.

"It is less of a concern economically really, I think, than it is a concern politically," said Kennedy, emphasizing that it showed "a lack of understanding of the complexity of a relationship."

Kennedy noted that Trump regarded relations with other nations as "almost a sort of single win-lose game of chess," while US-China ties are "incredibly important and complicated."

Two elephants in the jungle

In the interview, the British professor noted that Trump's China tariffs were "bad for general US-China understanding," warning that it could cause China to "do some tit-for-tat measures."

"Of course, China can think, Chinese officials can think: Which American goods shall we put a tariff on just to hurt them," Kennedy said.

In fact, China said Friday that it is considering tariff increase on imports of some products from the United States to make up for losses caused by the U.S. tariffs on steel and aluminum imports from China.

"China has made clear its position several times that it stands firmly against such unilateral and trade protectionist practices from the US side," an official with the China's Ministry of Commerce said on Thursday.

Citing the example of Europe, a potential target of the impending US tariffs and which has already announced it will respond by slapping import duties on a greater number of US products, Kennedy believed that it could make the situation "infinitely complicated."

Meanwhile, Kennedy said that as "the two biggest elephants in the jungle" the trade relationship between Washington and Beijing has an impact on all other relationships in the Asia Pacific and other areas.

"Each of them has the capacity to do a good contribution to international trade, said Kennedy, "(and) each has a capacity to make it sour, to make it less effective."

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: 久草www | 亚洲好视频| JLZZJLZZ日本人护士水好多 | 欧美黑人疯狂性受xxxxx喷水 | 国产欧美日韩精品一区 | 久久精品视香蕉蕉er大臿蕉 | 黑人精品欧美一区二区蜜桃 | 午夜免费| 91中文字幕在线观看 | 日本一区二区三区免费高清在线 | 色两性午夜视频免费观看 | 日日夜夜精品免费视频 | 一97日本道伊人久久综合影院 | 日本资源站 | 一级a毛片免费观看久久精品 | 国产精品视频播放 | 成人精品视频在线观看 | 日韩加勒比在线 | www操com| 欧美日韩一二区 | 香港论理午夜电影网 | 天天色色色 | 国产成人精品免费视频大全可播放的 | 久草久草久草 | 九九这里只有精品视频 | wwwxxx日本在线观看 | 777xacom| 日韩国产午夜一区二区三区 | 午夜在线播放视频 | 久久69精品久久久久久久电影好 | 九一国产在线观看免费 | 爱爱视频在线观看 | 欧美日韩国产一区二区三区伦 | 久久精品国产一区 | 羞羞视频网站在线看 | 欧美国产激情二区三区 | 国产精品丝袜视频 | 日韩一区二区三区四区 | 九色九色九色在线综合888 | 日本欧美不卡一区二区三区在线 | 国内精品伊人久久久久7777人 |