www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

Tariffs explained on T-shirts

By Dong Leshuo in Washington | chinadaily.com.cn | Updated: 2018-08-09 11:09
Share
Share - WeChat
[Photo provided to chinadaily.com.cn]

Scott Lincicome, an international trade attorney from Texas, is using T-shirts to educate the public about the trade issues between China and the US.

Lincicome, an adjunct scholar at the Cato Institute in Washington, said that he was inspired by a picture of a woman wearing a pro-tariffs T-shirt on Twitter. So he decided to make his own, according to a recent interview with Politico.

The T-shirt he saw on Twitter said something like "Tariffs are great!"

Lincicome's is a bit wordier: "Tariffs Not Only Impose Immense Economic Costs But Also Fail To Achieve Their Primary Policy Aims And Foster Political Dysfunction Along The Way".

"It's time we fought back," Lincicome tweeted when his T-shirts were first released in March.

To clarify how tariffs make the US worse off, he later designed a two-sided version of his shirt with an x-y axis graph on the back that explains a fundamental economic principal:

Tariffs harm social welfare because consumer surplus decreases for raised price more than what some producers and the government gain from tariffs, which creates "dead weight loss".

One and a half months after the release, he tweeted that "over 700 originals sold". The T-shirts sell for $16.99 to $22.49 on Amazon, and the page says any profits (around $3 each) go to FEE.org, a non-profit promoting economics education.

A photo of Republican Senator Orrin Hatch of Utah, one of the first buyers, holding a T-shirt appeared on CBN News in April.

Another customer, teacher Rob Szarka, left a review on Amazon: "It's too early to report on whether wearing it in class has improved my students' understanding of chapter 9 of Mankiw's Principles of Economics, but I believe the bright red color I ordered did help them stay awake at8 am today."

In the interview with Politico, Lincicome said he created the T-shirt to memorialize a trade policy dilemma.

"The protection side has a three-word issue: 'Trade kills jobs'; whereas the other side comes back and says: Actually the composition of jobs changes and we get better jobs, and by that point the audience is falling asleep," he told Politico.

He also pointed out that the T-shirts aren't made in China, but are still made overseas, because he would like the US to focus on jobs with higher value rather than the textile industry.

"We trade guys hate to use the term trade war but I think that at this stage we're still in trade dispute or trade skirmish; we will shift into trade war I think if this big tranche — this $200 billion — ends up getting implemented," said Lincicome, who turned down an interview request from China Daily.

On Tuesday evening, the Trump administration confirmed that an additional 25 percent tariffs on $16 billion Chinese imports will be implemented on Aug 23, hitting $50 billion in total.

In response, China announced it would put the same amount of tariffs on $16 billion in US products including auto and energy products.

Early this month, the Trump administration said the tariff rate on another $200 billion in Chinese imports may rise to 25 percent from the planned 10 percent. A public hearing will be held from Aug 20 to 23 in Washington.

Ying Wang in Washington contributed to the story.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 亚洲毛片 | 中文字幕在线免费观看 | 国产高清在线视频 | 亚洲国产日韩精品 | 国产精品三级国语在线看 | 72种姿势欧美久久久久大黄蕉 | 精品日本久久久久久久久久 | 一级欧美在线的视频 | 欧美一区二区在线 | 中文字幕无线码中文字幕网站 | 欧美透逼 | 米奇久久 | 欧美一级久久久久久久大 | 午夜日本一区二区三区 | 亚洲第一网站 | 成人精品综合免费视频 | 精品国产一区二区三区久 | 久久精品视频3 | 67194欧美成l人在线观看免费 | 亚洲欧美精品成人久久91 | 欧美特黄一级高清免费的香蕉 | 中文字幕亚洲一区二区三区 | 亚洲图片一区二区 | 欧美日韩一区二区中文字幕视频 | 日韩在线国产 | 欧美一级美片在线观看免费 | 80日本xxxxxxxxx | 久久国产成人精品麻豆 | 一级做a爱片久久毛片 | 国产一区二区三区久久 | 国产精品性视频免费播放 | 日韩毛片一级 | 亚洲精品综合一二三区在线 | 国产精品96久久久久久久 | 亚洲成aⅴ人在线观看 | 久久在线精品 | 亚洲精品日韩专区在线观看 | 怡红院免费的全部视频 | 亚洲免费网 | 动漫一级毛片 | 亚洲国产精 |