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
World
Home / World / Americas

US tariffs on derivative steel, aluminum imports take effect

Xinhua | Updated: 2020-02-09 07:33
Share
Share - WeChat

WASHINGTON -- Amid wide opposition, US administration's decision to increase tariffs on derivative steel and aluminum imports by 25 percent and 10 percent respectively took effect on Saturday.

US President Donald Trump signed a proclamation two weeks ago to raise tariffs on derivative steel and aluminum imports to cover nails, staples and other downstream products, calling it "necessary and appropriate."

Foreign producers of these derivative articles have increased shipments of such articles to the United States to "circumvent" the existing duties on steel and aluminum imports, threatening to undermine the administration's actions to address the national security risks, said the president.

Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, while Argentina, Australia, Canada and Mexico are exempt from the additional duties on derivative aluminum products, according to the proclamation.

Economists have long argued that such tariffs have hurt the American manufacturing sector and the overall economy, and the latest move has provoked further criticism.

"This latest action was significant because, explicitly for the first time, Trump was imposing new tariffs to help an industry suffering because of his previous tariffs," wrote Chad Bown, a senior fellow at the Washington-based Peterson Institute for International Economics.

In 2018, the Trump administration unilaterally imposed a 25-percent tariff on steel imports and 10-percent tariff on aluminum imports citing national security concerns, under Section 232 of the Trade Expansion Act of 1962.

According to a research by Trade Partnership Worldwide, LLC, an international trade and economic consulting firm, higher costs from steel and aluminum tariffs, quotas and associated retaliation by trading partners would reduce US gross domestic product (GDP) by 0.2 percent annually.

The research also showed that 16 jobs would be lost in other US sectors for every job gained in the steel or aluminum sector, and every US state will experience a net loss of jobs due to the tariffs.

Trump's new method of extending his steel and aluminum tariffs raises a host of worries, including the "increased uncertainty" that companies face in light of the administration's approach to trade policy, Bown said.

"With each round of cascading tariffs, Trump has bullied more American companies into becoming protectionist," Bown argued. "For many Americans, the higher costs resulting from his tariffs mean they can no longer compete with foreign firms in either the US or global market."

The "Tariff Man" has imposed policies that are changing both the economy and America's political economy of protectionism, he said. "The worst may be yet to come."

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 欧美成人午夜片一一在线观看 | 94欧美setu| 亚洲精品成人a在线观看 | 欧美操人 | 欧美 自拍| 久草在线免费色站 | 在线观看亚洲精品国产 | 青草欧美 | 久久精品免费观看国产软件 | 久久91综合国产91久久精品 | 亚洲一区二区三区四区在线观看 | 一级午夜a毛片免费视频 | 成年人在线免费观看视频网站 | ppypp日本欧美一区二区 | 高清性色生活片久久久 | 亚洲aⅴ男人的天堂在线观看 | 一级做a爰片久久毛片鸭王 一级做a爰全过程免费视频毛片 | 久久观看午夜精品 | 欧美一级特黄特黄毛片 | 精品国产高清不卡毛片 | 日韩免费一级毛片欧美一级日韩片 | 亚洲国产精久久久久久久 | 玖草视频在线 | 午夜影院黄 | 日韩区在线观看 | 亚洲深夜 | 欧美高清在线 | 日韩中文字幕免费在线观看 | 韩日精品 | 俺来也欧美亚洲a∨在线 | 亚洲免费网站在线观看 | 88av视频在线 | 亚洲精品综合一二三区在线 | 国产高清亚洲精品26u | 亚洲国产一区二区三区在线观看 | 国产午夜精品理论片免费观看 | 国产精品三级在线播放 | 国产精品变态重口在线 | 亚洲人成a在线网站 | 国产在线播放不卡 | 国产的一级毛片完整 |