日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Trump's arguments for tariffs are keeping Americans in the dark

By Chen Weihua | China Daily USA | Updated: 2018-03-19 23:22
Share
Share - WeChat

US President Donald Trump has been blaming trading partners for ripping off the United States in trade. He has been using controversial trade remedies to impose tariffs on imports in the name of helping American people and workers.

These include his imposing hefty tariffs on imported washing machines and solar panels announced in January, new tariffs on steel and aluminum imports he signed this month and potentially new tariffs on Chinese technology and communications goods and more restrictions on Chinese foreign direct investment in the US.

These measures have greatly raised concerns for a trade war between the US and China and many other countries.

Unlike what Trump has claimed, they could very well end up as his war on American consumers and jobs.

The rationale for this is self-evident, just using China as an example. A report by the Oxford Economics and the US-China Business Council in early 2017 showed that the China-US trade relationship supports 2.6 million jobs across a range of industries, including jobs that Chinese companies have created in the US.

The report also showed that nations trading closely with China outperform nations with less integrated trade ties.

While supporting US jobs, Chinese manufacturers lowered prices for US consumers, dampened inflation and put more money in American wallets. While a typical US household earned about $56,500 in 2015, trade with China saved these families up to $850 that year, according to the report.

The Trump White House clearly doesn't want the American people to know this.

An article by economist Pierre Lemieux published last week on the Cato Institute website shows that Trump's tariffs on washing machines are nothing but imposing a tax on 97 million US households in the name of protecting 2,400 workers in washing machine factories.

Meanwhile, the tariffs on imported solar modules and cells are threatening 258,000 workers in the installation sector in the name of protecting 2,000 workers in the manufacturing sector.

In 2007, the book A Year Without Made in China by Sara Bongiorni caught much public attention. The story might be less true today because a lot of labor-intensive jobs have been relocated from China to countries such as Vietnam, India and Bangladesh over the past decade with rising labor costs in China.

Still it would be hard to imagine how Americans shopping at Walmart, Target and Costco would be negatively affected if China, Vietnam and other developing countries no longer supply those cheap products. This is also true for other advanced economies.

The Economic Benefits of US Trade, a 2015 report by a different White House, shows that compared to a world with no trade, median-income consumers in the US gain an estimated 29 percent of their purchasing power from trade.

Trump, however, has constantly painted the US as a victim in global trade. He never talks about how most US manufacturing jobs are decimated by automation, rather than trade, and he never talks about how the US government, unlike many other governments, has done a poor job of helping workers negatively impacted by trade agreements.

Trump has also mistakenly equated US trade deficits to a loss for the US and a win for its trade partners, despite the fact that almost all economists and trade experts disagree with such a notion.

Besides, the large trade deficit with China, $375 billion in 2017 according to US data, is misleading.

China's exports to the US, such as iPhones, contain a large percentage of components made by other countries, from the US to Japan to Europe, as China has become the final assembly line of global manufacturing supply chain.

If the value of these imported components is subtracted from China's exports, the US trade deficit with China is reduced by half, about the same as the US trade deficit with the European Union, according to the Oxford Economics report.

Robert Lawrence, a senior fellow at the Peterson Institute for International Economics and a professor of trade and investment at Harvard University, wrote a detailed analysis this month about why Trump's focus on trade deficits is misleading.

Republican Senator Ben Sasse from Nebraska, in a talk at the Heritage Foundation on Friday, also criticized Trump's misleading of the American public with trade deficits.

It is hard to believe that Trump could continue to fool Americans with his flawed argument on tariffs and trade deficits.

Contact the writer at chenweihua@chinadailyusa.com.

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 国产jjizz一区二区三区视频 | 免费看黄色网 | 日韩av成人在线观看 | 欧美亚洲一区二区三区四区 | 黄页网站免费在线观看 | 亚洲成人aaa | va婷婷在线免费观看 | 夜夜操免费视频 | 国产激情二区 | 亚洲视频精选 | 69福利区| 激情五月婷婷丁香 | 日韩爱爱网 | 好吊视频一区二区 | 成年人免费网站视频 | 欧美一区二区三区爽爽爽 | 天堂av亚洲 | 亚洲专区免费 | 四虎影院在线 | 激情网站在线 | 成人在线视频网站 | 日韩精品视频中文字幕 | 日本少妇一区二区三区 | 91久久精品日日躁夜夜躁欧美 | 亚洲男人天堂 | 成人不卡视频 | 午夜在线播放视频 | 九九av在线 | 中文字幕久久久 | 99综合| 日韩欧美网 | 黄网视频在线观看 | 成人综合在线视频 | 成年人视频在线免费看 | 国内精品999 | 91色中文 | 亚洲天天干 | 国产精品美女www | 一区二区中文字幕 | 亚洲视频播放 | 欧美日韩在线观看一区 |