<label id="xi47v"><meter id="xi47v"></meter></label>
       
      Study shows tariffs on Chinese goods to cost thousands of American jobs
                       Source: Xinhua | 2018-05-02 04:14:41 | Editor: huaxia

      File Photo: Fruit is displayed at a Whole Foods store in New York City, U.S., August 28, 2017. (Xinhua/REUTERS)

      WASHINGTON, May 1 (Xinhua) -- The Trump administration's proposal to impose 25 percent of tariffs on imports from China is estimated to hurt U.S. economic growth and cost thousands of American jobs, a study showed.

      The U.S. tariffs and follow-on retaliation by China would reduce U.S. output by nearly 3 billion U.S. dollars and nearly 134,000 workers would lose jobs, most of whom are less-skilled workers, according to the study jointly released by the National Retail Federation (NRF) and the Consumer Technology Association (CTA) on Tuesday.

      It estimated that American farmers will see their net incomes drop 6.7 percent due to these tariffs, and jobs in the sector would fall by over 67,000. Tariffs will also cause 11,000 job loses in manufacturing sector, the study found.

      The Trump administration in April proposed to levy 25 percent of tariffs on 50 billion U.S. dollars of Chinese imports, claiming China has "unfair" trade practices against the United States.

      In response to the tariffs threats from Washington, China also laid out 50 billion dollars of imports from the United States which will be subject to additional tariffs.

      Following China's announcement, the White House threatened to impose tariffs on additional 100 billion dollars of Chinese goods.

      The study warns that imposing tariffs on an additional 100 billion dollars of Chinese imports would come at a significant cost to the U.S. economy, destroying 455,000 jobs and reducing GDP by 49 billion dollars.

      American farmers would see their loss more than doubled in the additional tariffs scenario. Their income would drop by 15 percent, and jobs in the sector would decline by 181,000.

      The tariffs will hurt every state, including those in the so-called "Rust Belt". California, Texas, Florida, Washington, New York, Georgia, Missouri, Pennsylvania, North Carolina, and Ohio will suffer the highest job losses, the study showed.

      "Tariffs could wash away the benefits recent tax reform will have on the economy, bringing uncertainty to American businesses and devastation to some workers in key states - they might lose their jobs over a trade tax," CTA President and CEO Gary Shapiro said in a statement on Tuesday.

      Business community is expecting the Trump administration's delegation to China this week would ease trade tensions between the two countries.

      "We hope this is the start of a serious negotiation process that leads to a more open Chinese market and protects U.S. jobs and economic growth," said NRF President and CEO Matthew Shay in the same statement.

      "We must resolve this trade dispute without resorting to job-killing tariffs and retaliation," he added.

      Back to Top Close
      Xinhuanet

      Study shows tariffs on Chinese goods to cost thousands of American jobs

      Source: Xinhua 2018-05-02 04:14:41

      File Photo: Fruit is displayed at a Whole Foods store in New York City, U.S., August 28, 2017. (Xinhua/REUTERS)

      WASHINGTON, May 1 (Xinhua) -- The Trump administration's proposal to impose 25 percent of tariffs on imports from China is estimated to hurt U.S. economic growth and cost thousands of American jobs, a study showed.

      The U.S. tariffs and follow-on retaliation by China would reduce U.S. output by nearly 3 billion U.S. dollars and nearly 134,000 workers would lose jobs, most of whom are less-skilled workers, according to the study jointly released by the National Retail Federation (NRF) and the Consumer Technology Association (CTA) on Tuesday.

      It estimated that American farmers will see their net incomes drop 6.7 percent due to these tariffs, and jobs in the sector would fall by over 67,000. Tariffs will also cause 11,000 job loses in manufacturing sector, the study found.

      The Trump administration in April proposed to levy 25 percent of tariffs on 50 billion U.S. dollars of Chinese imports, claiming China has "unfair" trade practices against the United States.

      In response to the tariffs threats from Washington, China also laid out 50 billion dollars of imports from the United States which will be subject to additional tariffs.

      Following China's announcement, the White House threatened to impose tariffs on additional 100 billion dollars of Chinese goods.

      The study warns that imposing tariffs on an additional 100 billion dollars of Chinese imports would come at a significant cost to the U.S. economy, destroying 455,000 jobs and reducing GDP by 49 billion dollars.

      American farmers would see their loss more than doubled in the additional tariffs scenario. Their income would drop by 15 percent, and jobs in the sector would decline by 181,000.

      The tariffs will hurt every state, including those in the so-called "Rust Belt". California, Texas, Florida, Washington, New York, Georgia, Missouri, Pennsylvania, North Carolina, and Ohio will suffer the highest job losses, the study showed.

      "Tariffs could wash away the benefits recent tax reform will have on the economy, bringing uncertainty to American businesses and devastation to some workers in key states - they might lose their jobs over a trade tax," CTA President and CEO Gary Shapiro said in a statement on Tuesday.

      Business community is expecting the Trump administration's delegation to China this week would ease trade tensions between the two countries.

      "We hope this is the start of a serious negotiation process that leads to a more open Chinese market and protects U.S. jobs and economic growth," said NRF President and CEO Matthew Shay in the same statement.

      "We must resolve this trade dispute without resorting to job-killing tariffs and retaliation," he added.

      010020070750000000000000011105091371497061
      主站蜘蛛池模板: 国产福利电影一区二区三区,免费久久久久久久精 | 亚洲色大成网站www永久一区| 国产精品麻豆免费版| 免费国产在线观看老王影院| 亚洲色无码一区二区三区| 日韩在线视频播放免费视频完整版| 国产成人高清精品免费观看| 亚洲精品WWW久久久久久| 亚洲伦另类中文字幕| 亚洲一区二区三区免费视频| 亚洲国产成人综合精品| 中文在线免费不卡视频| 18禁美女裸体免费网站 | 国产乱人免费视频| 亚洲高清国产AV拍精品青青草原| 亚洲日韩乱码中文无码蜜桃| 日韩毛片在线免费观看| 色欲A∨无码蜜臀AV免费播| 免费视频淫片aa毛片| 伊人久久精品亚洲午夜| 亚洲一卡2卡3卡4卡乱码 在线| 免费大片黄在线观看| 亚洲欧洲日产国码一级毛片| jizz免费在线观看| 久久亚洲精品成人AV| A级毛片成人网站免费看| 国产色婷婷精品免费视频| 日韩电影免费在线观看网址| 亚洲乱码无码永久不卡在线 | 最近中文字幕mv免费高清电影| 亚洲桃色AV无码| 桃子视频在线观看高清免费视频| 亚洲熟妇色自偷自拍另类| 东方aⅴ免费观看久久av| 又黄又爽无遮挡免费视频| 中文字幕免费观看视频| 亚洲欧洲精品国产区| 四虎永久成人免费影院域名| 精品国产免费一区二区三区香蕉| 亚洲午夜国产片在线观看| 含羞草国产亚洲精品岁国产精品|