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 / 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: 日韩免费一区二区 | 亚洲综合在线视频 | 黄色在线免费看 | 草草影院网站 | 成人午夜剧场 | 一级做a爰片久久毛片人呢 达达兔午夜起神影院在线观看麻烦 | 日韩一区二区三区在线播放 | 五月婷婷激情网 | 欧美激情一区二区三级高清视频 | 日韩大片在线永久观看视频网站免费 | 国产欧美一区二区精品久久久 | 日穴视频在线观看 | 青青草视频网 | 成人18免费网站在线观看 | 国产一级性生活视频 | 精品毛片在线观看 | 密室逃脱第一季免费观看完整在线 | 亚洲成人av一区二区 | 免费一区| 一区二区视频在线 | 欧美1区2区 | 精品久久久久久久久久久 | 久久夜色精品国产 | 精品伊人久久久99热这里只 | 国产精品爱久久久久久久电影 | 亚洲特一级毛片 | 久久99精品久久久久久国产越南 | 亚洲天堂视频在线观看免费 | 国产精品成人va在线观看入口 | 成人小视频在线观看 | av国产精品 | 在线观看亚洲一区 | 成人深夜福利视频 | 精品性久久 | 精品久久久久久亚洲综合网 | 免费高清精品国偷自产在线 | 亚洲欧美不卡 | 亚洲精品国产第一综合99久久 | 可以免费看的黄色片 | 黑人精品欧美一区二区蜜桃 | 日本久久网 |