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
Business
Home / Business / Top News

Escalating US-China trade tensions does good to none: expert

Xinhua | Updated: 2019-05-18 16:05
Share
Share - WeChat
[Photo/IC]

GENEVA - The United States' escalation of trade tensions with China does good to neither party and no one else, said an international trade expert.

For the United States, negative effects on the economy come from the fact that tariffs are paid by importers, and most likely passed on to consumers, said Ricardo Melendez-Ortiz, founder and former CEO of the International Center for Trade and Sustainable Development, in a recent written interview with Xinhua.

"As importers seek to substitute vendors from China and shift outsourcing contracts, a first wave of price impacts may take place through both increase in prices and lowering of import volumes," Melendez-Ortiz said.

He warned that, if US importers fail to find cheaper alternative providers in the long run, further price impacts may hurt many manufacturing sectors, possibly leading to "an inflation spiral."

As for China, Melendez-Ortiz said the country's exports to the United Stated would suffer should the imposition of additional tariffs continue.

Meanwhile, the expert, also advisor of the Center for China and Globalization, noted that he observed "a resilience and continuing competitive edge" of China's exports in 2018 amid trade tensions.

As the China-US merchandise trade accounts for about one quarter of the global trade volume, the consequences of their trade row go beyond the two countries, with both parties' trading partners to be affected, said Melendez-Ortiz.

"Domino effects are feared across value chains in multiple jurisdictions," he said.

Particularly, he added, the tensions will have repercussions on "Factory Asia," which, with complex value chains, provides products for the global market, particularly electronic products.

The United States increased the additional tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent on May 10, and has threatened to raise tariffs on more Chinese imports.

In response, China has announced that it will raise additional tariffs on a range of US imports from June 1, and "will fight to the end."

Considering that besides the tariffs, trade protectionism is also on the rise in such fields as digital and telecommunication technologies, the world is moving from a stage of globalization "into fragmented systems and markets," Melendez-Ortiz said.

He called for efforts to make use of existing negotiation frameworks and resolve the tariff disputes, so that "we may move from an interregnum of disputes into a strengthened global system for benefits of all."

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
 
主站蜘蛛池模板: 一区福利视频 | 久久精品在线观看 | 人人看人人干 | 男人天堂中文字幕 | 成人免费精品视频 | 国产精品国产一区二区三区四区 | 一区二区三区在线视频观看 | 国产美女一区二区三区 | 天天碰天天干 | 欧美午夜精品一区二区三区 | www.蜜桃av | 五月婷婷中文字幕 | 久草网在线视频 | 成人毛片在线免费观看 | 国产精品三级视频 | 国内激情自拍 | 拔插拔插视频 | 天堂а√在线中文在线鲁大师 | 国产精品久久777777 | 成人精品影院 | 青青草在线播放 | 日韩精品一二三四区 | 国产精品视频在线播放 | 天堂а√在线中文在线鲁大师 | 精品一区二区在线观看 | 国产精品乱码一区二区视频 | 69综合网| 亚洲九九色 | 国产精品婷婷午夜在线观看 | 久操视频网 | 伊人啪啪网 | 自拍偷拍第五页 | 伊人超碰 | 97人人爽人人爽人人爽 | 色视频在线播放 | 少妇无套高潮一二三区 | 日本精品视频一区 | 欧美人与性动交a欧美精品 天天干天天天天 | 色婷婷国产精品综合在线观看 | 福利视频午夜 | av网站播放 |