国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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

Proposed tariffs against China meet stiff opposition in week-long hearing

Xinhua | Updated: 2019-06-26 15:25
Share
Share - WeChat
A shipping container is offloaded from the Hong Kong based CSCL East China Sea container ship at the Port of Oakland, in California, US, June 20, 2018. [Photo/VCG]

WASHINGTON - A seven-day Section 301 tariffs hearing wrapped up Tuesday after more than 300 business representatives had made their case against Washington's proposed additional tariffs on Chinese imports.

The overwhelming sentiment expressed by representatives from various sectors was that imposing additional tariffs up to 25 percent on about $300 billion worth of Chinese imports would significantly harm US businesses and consumers.

Speaking in a panel Tuesday afternoon, Water Sports Industry Association Executive Director Kevin Michael said 80 percent of life jackets sold in the United States are purchased from China, and any proposed tariffs would be largely passed on to US consumers, potentially heightening safety risks for water sport lovers.

"The increased duty and pricing would be a detriment to the goals to increase life jacket wear rates in order to prevent boating-related deaths," Michael said.

Answering repeated questions from trade officials on whether the businesses can switch to suppliers outside of China or move their manufacturing to the United States, representatives said such a proposal would face many hurdles.

Bill Sells, who represents the Sports and Fitness Industry Association, pointed to the baseball bats and gloves he brought and said the United States does not have the raw material to manufacture the goods, while production in other countries may not meet the safety standard.

"We don't really have another place to turn," Sells said.

The anti-tariff chorus rang well beyond the hearing hall, with major US companies and trade associations also decrying the tariffs.

A person looks at a phone in an Apple store in New York, May 13, 2019. [Photo/IC]

In a recent letter addressed to US Trade Representative Robert Lighthizer, Tech giant Apple said that the proposed tariffs would impact all of its major products, including iPhone, iPad, Mac, AIRPods and Apple TV.

"We urge the US government not to impose tariffs on these products," the company said in the letter dated June 17, noting that it is one of the largest job creators in the country and the largest domestic corporate taxpayer to the US Department of the Treasury.

On June 13, a total of 520 American companies and 141 trade associations signed a letter to US President Donald Trump, urging his administration to abandon tariff hikes and reach a deal with China.

"We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the US economy," the letter said. "Tariffs are taxes paid directly by US companies."

It is unclear if the US government will heed the warning of US businesses and drop the tariff plan, but previous hearings of similar nature have shown that in most cases, officials at the US Trade Representative's Office (USTR) went ahead with the tariffs despite pleas from the US business community.

David Dollar, an economist and senior fellow at the Brookings Institution, argued that Washington's trade row strategy against China is "a poor one" and has "failed."

"The evidence to date is consistent with the view that the trade war with China is not likely to reduce the US trade deficit or bring manufacturing jobs back home," Dollar said, referring to two justifications the White House has given for pursuing protectionist trade policies against China.

US businesses will have to submit follow-up or supplementary comments by July 2, and a final decision may be reached by the USTR in the ensuing weeks.

Top
BACK TO THE TOP
English
Copyright 1994 - . 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
 
湘乡市| 清涧县| 景泰县| 平顺县| 西宁市| 南漳县| 康平县| 永善县| 永泰县| 元朗区| 安阳县| 军事| 云浮市| 集安市| 泸西县| 桦甸市| 博乐市| 普兰店市| 加查县| 井陉县| 株洲市| 湟源县| 南宫市| 龙海市| 合阳县| 佛学| 莱西市| 剑阁县| 新竹县| 锦州市| 全南县| 远安县| 苍梧县| 金阳县| 洛川县| 搜索| 赣州市| 唐河县| 大理市| 榆林市| 翁牛特旗|