"/>

      <label id="xi47v"><meter id="xi47v"></meter></label>

      U.S. Chamber of Commerce says Trump's new tariffs threaten to spark trade war

      Source: Xinhua    2018-07-03 07:02:48

      WASHINGTON, July 2 (Xinhua) -- The U.S. Chamber of Commerce on Monday warned that the Trump administration's new tariffs against imports threaten to spark a global trade war, as other trading partners have announced billions of dollars in retaliatory tariffs against American products.

      "New tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, have pushed us to the brink of a global trade war," the U.S. Chamber of Commerce, the largest business group in the country, said in a new study.

      "Canada, Mexico, the EU (European Union), and China have already retaliated - or announced plans to retaliate - with billions of dollars in tariffs on American-made products," the business group said, adding approximately 75 billion U.S. dollars worth of U.S. exports will be subject to retaliatory tariffs as of this week.

      "Tariffs are simply taxes that raise prices for everyone. Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth," Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce, said in a statement.

      "The administration is threatening to undermine the economic progress it worked so hard to achieve," Donohue argued, noting it's time to reverse course and adopt "smarter, more effective approaches" for addressing trade concerns with commercial partners.

      The study released on Monday includes a state-by-state breakdown of American products targeted by these retaliatory tariffs, as well as how much retaliatory tariffs could cost each state.

      For example, in the U.S. state of Pennsylvania, exports worth about 1.7 billion dollars are subject to retaliatory tariffs, with American iron products, coffee and pastries among hardest-hit products.

      Meanwhile, about 6.2 billion dollars of exports from the state of Washington could be targeted by retaliatory tariffs, with steel, aluminum products and coffee among hardest-hit exports.

      Analysts said the study is likely to increase pressure on U.S. lawmakers to push back the Trump administration's tariff plans ahead of congressional elections in November.

      A group of almost 60 U.S. business associations, including the National Foreign Trade Council, have urged Congress to exert greater oversight of the Trump administration's use of tariffs and other trade policy measures.

      "We see the growing willingness of the current Administration to use tariffs (and the related use of absolute import quotas) as a major policy tool in an increasing number of trade disputes with our allies as a trend that needs to be addressed by Congress," the business associations last month said in a letter to leaders of the Senate Finance Committee and the House Ways and Means Committee.

      "Escalating tariff threats and the potential of trade wars with our trading partners, including with some of our most important allies, create uncertainty that will be felt by Americans across the country and by businesses of all sizes and across all industry sectors," they said.

      Editor: Lu Hui
      Related News
      Xinhuanet

      U.S. Chamber of Commerce says Trump's new tariffs threaten to spark trade war

      Source: Xinhua 2018-07-03 07:02:48

      WASHINGTON, July 2 (Xinhua) -- The U.S. Chamber of Commerce on Monday warned that the Trump administration's new tariffs against imports threaten to spark a global trade war, as other trading partners have announced billions of dollars in retaliatory tariffs against American products.

      "New tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, have pushed us to the brink of a global trade war," the U.S. Chamber of Commerce, the largest business group in the country, said in a new study.

      "Canada, Mexico, the EU (European Union), and China have already retaliated - or announced plans to retaliate - with billions of dollars in tariffs on American-made products," the business group said, adding approximately 75 billion U.S. dollars worth of U.S. exports will be subject to retaliatory tariffs as of this week.

      "Tariffs are simply taxes that raise prices for everyone. Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth," Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce, said in a statement.

      "The administration is threatening to undermine the economic progress it worked so hard to achieve," Donohue argued, noting it's time to reverse course and adopt "smarter, more effective approaches" for addressing trade concerns with commercial partners.

      The study released on Monday includes a state-by-state breakdown of American products targeted by these retaliatory tariffs, as well as how much retaliatory tariffs could cost each state.

      For example, in the U.S. state of Pennsylvania, exports worth about 1.7 billion dollars are subject to retaliatory tariffs, with American iron products, coffee and pastries among hardest-hit products.

      Meanwhile, about 6.2 billion dollars of exports from the state of Washington could be targeted by retaliatory tariffs, with steel, aluminum products and coffee among hardest-hit exports.

      Analysts said the study is likely to increase pressure on U.S. lawmakers to push back the Trump administration's tariff plans ahead of congressional elections in November.

      A group of almost 60 U.S. business associations, including the National Foreign Trade Council, have urged Congress to exert greater oversight of the Trump administration's use of tariffs and other trade policy measures.

      "We see the growing willingness of the current Administration to use tariffs (and the related use of absolute import quotas) as a major policy tool in an increasing number of trade disputes with our allies as a trend that needs to be addressed by Congress," the business associations last month said in a letter to leaders of the Senate Finance Committee and the House Ways and Means Committee.

      "Escalating tariff threats and the potential of trade wars with our trading partners, including with some of our most important allies, create uncertainty that will be felt by Americans across the country and by businesses of all sizes and across all industry sectors," they said.

      [Editor: huaxia]
      010020070750000000000000011102351372970531
      主站蜘蛛池模板: 国产亚洲精品国看不卡| 黄色免费网站网址| 亚洲精品国产成人影院| 亚洲AV性色在线观看| 成人黄页网站免费观看大全| 亚洲av无码片在线观看| 99久久这里只精品国产免费| 国产精品亚洲专区在线观看 | 亚洲精品成人网久久久久久| 国产AV无码专区亚洲AV麻豆丫| 日韩在线免费看网站| 猫咪www免费人成网站| 亚洲精品高清在线| 99视频在线免费观看| 亚洲人成电影在线天堂| 日本XXX黄区免费看| 亚洲国产精品ⅴa在线观看| 亚洲А∨精品天堂在线| 最近免费中文字幕中文高清| 久久亚洲私人国产精品| 国产成人免费网站| 曰韩无码AV片免费播放不卡| 亚洲AV无码乱码在线观看裸奔| 免费观看激色视频网站(性色)| 亚洲偷自拍另类图片二区| 亚洲国产精品一区二区第一页免| 黄色网站软件app在线观看免费| 亚洲网站在线免费观看| 热久久精品免费视频| 国产成人无码免费看片软件| 久久99国产亚洲高清观看首页| 青青青免费国产在线视频小草| 国产成人久久精品亚洲小说| 久久亚洲精品中文字幕三区| 欧美在线看片A免费观看| 一级成人生活片免费看| 亚洲欧洲日产专区| 亚洲欧洲一区二区三区| 久视频精品免费观看99| 日韩在线视频免费| 亚洲a级片在线观看|