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

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Americas

Study: Past US protectionism a failure

By Chen Weihua in Washington | China Daily | Updated: 2017-08-26 07:16

US trade protection measures, including Section 301 of the US Trade Act of 1974, have not only imposed huge costs on consumers in the United States and on the country's economy but have failed to achieve their primary policy aims, according to a report published this week.

Scott Lincicome, an adjunct scholar at the Cato Institute, surveyed academic literature throughout US history. He examined three periods - the founding of the US to its entry into the General Agreement on Tariffs and Trade (GATT) in 1947; the GATT's early years to the creation of the World Trade Organization in 1995; and the current World Trade Organization (WTO) era.

"The surveys show that, contrary to the fashionable rhetoric, American protectionism has repeatedly failed as an economic strategy," Lincicome said.

While many trade specialists and economists agree that US protection measures are costly and ineffective, the fact that the measures produce winners and losers is exploited by politicians, according to Lincicome, an international trade attorney.

Study: Past US protectionism a failure

He explained that winners are concentrated, with concentrated benefits, while losers are diffuse and have diffuse costs.

"So, there is clearly this area for political gain by President Obama or by President Trump to pursue trade measures for political gain, despite the potential economic cost," Lincicome told China Daily on Thursday.

An analysis by the Peterson Institute for International Economics, which was cited in the study, found that threats of retaliation using Section 301 failed to achieve even partial success more than half the time; and even actual retaliation worked less than 20 percent of the time.

"These outcomes would likely be worse if similar policies were implemented today, owing to increased American integration into the global economy, the proliferation of global supply chains, the rise of other economic powers, and the creation of the WTO," Lincicome wrote in the report.

The US launched a Section 301 investigation against China, targeting technology transfers and intellectual property. Lincicome believes it's far better for the US to go to the WTO, but said it's too early for people to react much.

"I would agree that, in terms of rhetoric, President Trump's rhetoric is easily the most protectionist of any president in the last several decades. On actual policy, the jury is still out," he said.

According to the study, US anti-dumping laws, including measures against Chinese imports, have repeatedly been found not only to hurt US consumers and many large exporters but also to improve only rarely the state of the protected industry. Instead, what often comes in the wake of the protectionism is the bankruptcy of the very firms that lobbied for it.

The report cited the high cost of protectionism in Obama's imposition of "special" safeguard duties on Chinese tire imports from 2009 to 2011. US tariffs imposed $1.1 billion in additional costs on US tire consumers in 2011, and the cost per manufacturing job saved was at least $900,000 that year, it said.

Most tariffs did not benefit US workers but did help foreign producers in countries such as Thailand, Indonesia and Mexico, which replaced Chinese imports. The US tariffs also killed 2,351 jobs in retail and other industries.

In response to the US tire tariffs, the Chinese government retaliated against US exporters of chicken parts, costing that industry about $1 billion, according to the study.

Lincicome said the US has struggled in recent years to adapt to economic disruptions driven by automation, innovation or changing consumer tastes, and it's legitimate to discuss policy ideas in response.

"What should not be up for debate, however, is whether protectionism would help to solve the country's current problems," he said. "History is replete with examples of the failure of American protectionism. Unless our policymakers quickly relearn this history, we may be doomed to repeat it."

chenweihua@chinadailyusa.com

Most Viewed in 24 Hours
Copyright 1995 - . 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: 久久久久久久久久久国产精品 | 日韩影院一区二区 | 成人免费毛片糖心 | 日韩综合在线观看 | 一级片中文字幕 | 国产欧美日韩一区 | 久久精品综合网 | 国产精品人人人人 | 李宗瑞91在线正在播放 | 深夜成人在线观看 | 日韩中文字幕一区 | 国产三级精品三级在线观看 | 神马久久久久 | 国产精品欧美激情 | 好吊色视频在线观看 | 91久久一区| 三级理伦 | 免费观看国产精品 | 亚洲网站免费观看 | 久久免费久久 | 中文字幕 亚洲一区 | 白丝白浆 | 影音先锋一区 | 在线激情av | 国产小视频在线免费观看 | av2014天堂| 久久黄色免费网站 | 亚欧色 | 日韩在线免费看 | 久久精品这里只有精品 | 深爱激情综合 | 久久国产热视频 | 成人在线激情视频 | 亚洲天堂精品在线 | 亚洲天堂区 | √天堂中文官网8在线 | 你懂的视频在线播放 | 深夜福利在线视频 | 成人免费毛片观看 | 国产视频在线播放 | 国产精品久久久国产盗摄 |