无码少妇一区二区三区免费,妓院一钑片免看黄大片,国语自产视频在线,亚洲AV成人无码国产一区二区,激情久久综合精品久久人妻,日韩免费毛片,综合成人亚洲网友偷自拍,国内自拍视频在线观看,欧美熟妇性xxxx交潮喷,国产成人精品一区二免费网站

News Analysis: Trump's new tariffs to cost more American jobs than he wants to save

Source: Xinhua| 2018-01-25 16:50:28|Editor: Yurou
Video PlayerClose

WASHINGTON, Jan. 25 (Xinhua) -- U.S. President Donald Trump's decision to slap steep tariffs on imports of washers and solar cells would cost more American jobs than he wants to save, analysts said.

Trump has approved imposing safeguard tariffs of up to 50 percent on imported washers for the next three years and of up to 30 percent on solar cells and modules for the next four years, the Office of the United States Trade Representative said in a statement on Monday.

The move marked the first time since 2001 that the U.S. government has used Section 201, an outdated tool under the rarely used Trade Act of 1974, to unilaterally impose tariffs or other trade restrictions on foreign imports.

It has spurred opposition from U.S. industries, Republican lawmakers, free-trade advocates, Asian manufacturers and government officials.

"This is a mistake," Mark Sanford, a Republican Congressman from the state of South Carolina, where South Korea-based Samsung Group is building a new manufacturing plant for washers, said in a statement Tuesday.

Increased tariffs sound great but set countries on a financial road to ruin, Sanford said. "This is shortsighted and will cost American jobs," he predicted.

Samsung, which faces trade rivalry from U.S. washer maker Whirlpool, called Trump's decision "a great loss for American consumers and workers."

"This tariff is a tax on every consumer who wants to buy a washing machine. Everyone will pay more, with fewer choices," the company said in a statement.

The Solar Energy Industries Association (SEIA), the national trade association for the industry, estimated Trump's new tariffs on solar imports would lead to the loss of roughly 23,000 American jobs this year and the delay or cancellation of billions of dollars in solar investments.

Tariffs in this case "will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs," said Abigail Ross Hopper, SEIA's president and chief executive.

Analysts said the new tariffs will not only raise prices for American consumers but also hurt the workers Trump has vowed to protect. History has shown that hefty safeguard tariffs by previous U.S. administrations destroyed far more American jobs than they saved.

The Obama administration's decision to levy safeguard tariffs on Chinese tires in 2009 temporarily helped save 1,200 jobs in the U.S. tire industry, but at a cost of 900,000 U.S. dollars per job due to higher prices, according to a study by the Peterson Institute for International Economics.

"The additional money that U.S. consumers spent on tires reduced their spending on other retail goods, indirectly lowering employment in the retail industry," the study said, showing a loss of around 3,731 jobs in the U.S. retail sector due to safeguard tariffs.

The George W. Bush administration's safeguard tariffs on steel imports in 2002 also caused about 200,000 job losses, one-fourth of them in metal-making, machinery and transportation equipment and parts sectors, according to Clark Packard, trade policy counsel at R Street Institute, an American think tank.

The Bush administration withdrew the steel tariffs after they were successfully challenged at the World Trade Organization (WTO) by a number of countries, Packard said. He noted that Trump's solar tariffs could face a similar challenge at the WTO and the United States is likely to lose the case.

South Korean Trade Minister Kim Hyun-Chong said Tuesday at a meeting with local corporate leaders that he would file a petition against Trump's safeguard measures at the WTO.

Chinese officials also urged the United States to refrain from abusing trade remedies, and said China will work with other WTO members to defend their interests.

"We're certainly against any unilateral protectionist measures, and we've the right to take measures to protect legitimate interests," Cui Tiankai, Chinese ambassador to the United States, told USA Today's editorial board on Tuesday.

The ambassador reiterated that China is firmly against any trade war, as a trade war would hurt both China and the United States and not help anybody.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369243171
欧美z0z0人禽交| 久久人妻精品大屁股一区 | 精品日韩亚洲AV无码一区二区三区 | 视频一区中文字幕亚洲| 国产精品久久一区二区三区| 26uuu另类亚洲欧美日本| 97久久精品人人做人人爽| 亚洲嫩模喷白浆在线观看| 有码中文av无码中文av| 亚洲精品国产一区二区在线观看| 国产高清色高清在线观看| 日本熟妇浓毛| 香蕉影院在线观看| 国产香蕉视频在线播放| 风韵丰满妇啪啪区老老熟女杏吧| 嗯啊 不要 啊啊在线日韩a| 2020久热爱精品视频在线观看| 国产精品无码无在线观看 | 精品久久人人做爽综合 | 亚洲综合成人一区二区三区| 午夜国产小视频| 国产精品美女久久久久久大全| 婷婷精品国产亚洲av| 国内精品伊人久久久久影院对白| 久久无码免费的a毛片大全| 看毛片看毛片| h动态图男女啪啪27报gif| 国产乱妇乱子在线视频| 日韩人妻中文字幕精品| 一本加勒比hezyo无码人妻| 在线天堂中文在线资源网| 狠狠色综合7777久夜色撩人| 色伦专区97中文字幕| 日本一区二区在线视频免费观看| 亚洲成a人在线播放www| 亚洲人成人网站在线观看| 精品麻豆国产色欲色欲色欲www | 网久久综合| 成 人 免费观看网站| 精品久久久久久无码人妻蜜桃| 亚洲精品综合第一国产综合 |