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
World
Home / World / Americas

US tariff policies pinch consumers, expert says

By LIA ZHU in San Francisco | China Daily Global | Updated: 2020-10-14 09:23
Share
Share - WeChat
Shoppers browse in a supermarket while wearing masks in north St. Louis, Missouri, US on April 4, 2020. [Photo/Agencies]

From solar panels to washing machines and personal protective equipment, Americans are paying much more than they otherwise would have because of the Trump administration's trade policies with China, according to an international trade policy expert in California.

"The negative trade policies that the US has been imposing on China for the last couple of years have come back to bite us," said Jon Haveman, executive director at the National Economic Education Delegation, at a recent webinar hosted by World Affairs Council of Northern California.

US trade policy has been generally in favor of protectionism for the past three-and-a-half years, beginning with the imposing of safeguards to protect US industries, including solar panels and washing machines, said Haveman.

The government said other countries were selling such products in the US below cost, so the US needed to impose duties on those goods in order to prevent injury to domestic industries, according to Haveman.

As a result, the price of solar panels has increased, which means that "fewer people are going to be installing solar panels on their roofs, and the solar panel installation industry really took it on the chin," he said.

In 2015, the price of solar panels was coming down consistently until the tariffs were imposed, Haveman said, adding that with the extra tariffs, prices jumped and stayed significantly higher than the pre-tariff level.

US consumers ended up paying $236.5 million more for solar panels than they otherwise would have, and they bought fewer solar panels, according to Haveman. In addition, fewer people had jobs installing solar panels, he said.

"So we may have protected the very limited solar panel production industry in the United States, but it came at great cost," Haveman said.

When tariffs were imposed on washing machines, the increase in the price of combined washing machines and dryers was greater than the size of the tariff, according to Haveman.

That means a lot of benefit that the consumers could have gotten from buying washing machines was taken away from them by the government in the form of tariff revenue, he said.

"Our president made a big deal about how the Chinese would be paying the tariffs, but that turned out to just not be the case, because it was paid entirely by American consumers," he said.

Beginning in about July 2018, the Trump administration imposed multiple rounds of tariffs on virtually all goods from China: the first round on about $34 billion worth of Chinese imports, the second round on $16 billion, and the third round on $200 billion.

The trade war increased US tariffs on Chinese goods by an average of 8.5 percent to 12.4 percent, which is "essentially a tax on our consumption of Chinese goods in the amount of 12.4 percent", said Haveman.

He also said the tariffs on Chinese steel and aluminum didn't do all that much to help the steel and aluminum processing industry in the US, and instead hurt all industries in the US that use steel and aluminum.

"There's no such thing as a free lunch. Tariffs may create jobs here, but they will also take jobs away (elsewhere in the country)," he said.

"Employment is determined by a wide variety of other things that have nothing to do with trade."

Haveman also said the US trade deficit isn't driven primarily by trade and goods, but by the US federal budget deficit. "So it's really, really hard to do anything about the trade deficit, unless you work hard on the federal debt and deficit," he added.

"We may have reduced our trade deficit with China a little bit. But we did it at the expense of reduced exports, we did it at the expense of higher prices for consumers, higher prices for producers," Haveman said.

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 丁香花成人另类小说 | 日本三级网 | 久青草免费在线视频 | 久久久久久久久日本理论电影 | 日韩视频在线一区二区三区 | 国产换爱交换乱理伦片 | 激情大乳女做爰办公室韩国 | 欧美又黄又嫩大片a级 | 国产视频99 | 男女啪啪高清无遮挡 | 免费播放欧美一级特黄 | 欧美另类色图 | 国产成人免费视频网站高清观看视频 | 九九资源站 | 国产综合精品一区二区三区 | 99热热热 | 天堂2014| 日韩欧美在线视频 | 欧美亚洲精品在线 | 99国产精品久久久 | 亚洲精品在线不卡 | 亚洲无线视频 | 97中文| 毛片国产 | 91精品国产91久久久久久最新 | 日本在线播放一区二区 | 色人人 | 久草青青草 | 奇米第四色888 | 日日夜夜操操操 | 久热草在线 | 欧美成人四级hd版 | 天天爱夜夜 | 日产国产精品久久久久久 | 成年人在线看片 | 精品国产不卡一区二区三区 | 欧美最爽乱淫视频免 | 日本色婷婷 | 午夜免费观看福利片一区二区三区 | 免费看黄网 | 99精品国产一区二区青青牛奶 |