波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語Fran?ais
World
Home / World / China-US

Tariffs called 'unfortunate shift' in US policy

By ZHAO HUANXIN in Washington | chinadaily.com.cn | Updated: 2024-05-15 10:33
Share
Share - WeChat

The US government's latest move to slap heavy tariffs on Chinese imports, including electric vehicles and solar cells, shows protectionism and industrial policy is the new consensus approach to economic challenges, which is an "unfortunate shift" in US policy, a senior economist said on Tuesday.

The United States is increasing tariffs on $18 billion worth of Chinese imports, targeting electric vehicles (EVs), advanced batteries, steel and critical minerals, the White House said on Tuesday.

The fresh levies come on top of the already massive tariffs imposed on more than $300 billion worth of Chinese goods, which were introduced during the Trump administration, according to the result of a four-year review of the China Section 301 tariffs, released by the Office of the United States Trade Representative (USTR) on Tuesday.

The review was undertaken under Section 301 of the Trade Act of 1974, which Trump invoked to first launch the China tariffs in 2018.

The centerpiece of the new tariffs is a quadrupling of levies on Chinese EVs to 100 percent starting this year, an attempt analysts said would likely result in thwarting the Biden administration's own efforts to fight climate change by speeding up EV adoption.

Erica York, a senior economist and research director with the Tax Foundation's Center for Federal Tax Policy, said that at present, consumers are not likely to see an immediate increase in costs because Chinese EVs are already locked out of the US market.

"Longer term though, it means American consumers will lack choices, including competitively priced and innovative Chinese EVs and face higher prices for green tech and green energy at home," York told China Daily on Tuesday.

York's organization has estimated that the current tariffs and retaliation will reduce long-run US output by about 0.25 percent, costing thousands of jobs and reducing incomes.

Maintaining the current tariffs, which have been costly to American consumers and the manufacturing sector, and doubling or quadrupling down on the approach, will further increase costs, insulate US businesses from competitive pressures that lead to long-run improvements, and put US manufacturers at a competitive disadvantage abroad, according to York.

"Protectionism and industrial policy are not a recipe for success; instead, policymakers should pursue reforms that encourage investment, innovation and competition," she added.

The tariffs that take effect this year also cover solar cells, syringes, needles, steel and aluminum products, according to a statement from the USTR.

The tariff rate on semiconductors will surge from 25 percent to 50 percent by next year, while levies on Chinese EV batteries and battery parts will more than triple to 25 percent by 2026.

Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, noted that as some tariffs are to be phased in over a couple of years, they won't have an "immediate" effect.

"But for sure they will delay the rate of EV adoption and hurt the clean-air agenda," Hufbauer said of Biden's climate agenda, which includes ramping up the adoption of EVs to cut US greenhouse gas emissions.

The expert said that the tariffs are a "definite negative" for US-China relations.

China's Ministry of Commerce said on Tuesday that the US tariff hike goes against the consensus reached by the leaders of the two countries and the promises of President Joe Biden, and will "seriously affect the atmosphere of bilateral cooperation".

"I expect China to retaliate in a measured way against iconic US exports," Hufbauer said. "I'm sure Beijing is studying the menu."

The Commerce Ministry said China will take "resolute" measures to safeguard its own rights and interests, according to a statement.

US media reports on Tuesday pointed to the fact that the tariffs in an election year come in the middle of a heated campaign between Biden and his Republican predecessor, Donald Trump, where they both resort to China-bashing tactics.

A new set of polls show that Trump leads Biden in five of six crucial election battleground states, Michigan, Arizona, Nevada, Georgia and Pennsylvania.

"The timing is specifically aimed at voters in Pennsylvania, Ohio and Michigan — auto and steel states," Hufbauer said.

"Since Trump promises equal or higher tariffs, I doubt the announcement will shift many votes toward Biden, but it may avoid further losses to voters who welcome protection," he added.

Douglas H. Paal, distinguished fellow of the Asia Program at the Carnegie Endowment for International Peace, said Tuesday's announcement of fresh tariffs constituted one form of the US response to the "serious trade issues" with China.

"When leaders are weak in election years, they resort to popular measures that may be less effective in reality than in rhetoric. That is where we are," Paal told China Daily.

Trade bodies 'disappointed'

Hours after the release of the results of the review of the China Section 301 tariffs, US trade organizations said they were highly disappointed by the outcome.

"The decision to extend Section 301 tariffs on a wide range of apparel, footwear, accessories, and textiles — while not unexpected — is a real blow to American consumers and manufacturers alike," said Steve Lamar, president and chief executive officer of the American Apparel & Footwear Association.

"The Biden Administration has had two years to get it right. Unfortunately, they doubled down on a flawed tariff policy, despite the Biden Administration's own acknowledgment that this policy has failed in its goals, and overwhelming public input that supported a different outcome," he said in a statement.

The National Retail Federation also said it was "extremely disappointed" that the USTR and the Biden administration had chosen "to double down on a failed and inflationary strategy by sustaining and expanding the Section 301 China tariffs".

"Maintaining these tariffs on consumer goods will increase costs that consumers pay on everyday products imported from China,"said David French, executive vice-president of government relations.

The US-China Business Council, a nongovernmental organization representing many of the world's largest brands doing business in China, also noted that maintenance of the prior tariffs — with no reductions — and imposition of additional tariffs ultimately make it harder for American companies to compete in the US and abroad, cost American jobs, and increase prices for US manufacturers and consumers during a time of ongoing inflation.

"Additionally, levying new tariffs invites retaliation from China, which combined could further disadvantage US companies selling goods and services in China's market compared to their foreign competitors,"?USCBC President Craig Allen said.

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
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
亚洲视频天天射| 欧美成人一区二区三区片免费 | 91黄色在线观看| 国产精品视频看| 国产精品一区二区男女羞羞无遮挡| 日韩在线免费观看av| 日韩欧美国产三级| 蜜臀久久99精品久久久久久9 | 日韩欧美亚洲一区二区| 婷婷综合久久一区二区三区| 91精品人妻一区二区三区蜜桃2| 欧美午夜精品理论片a级按摩| 亚洲人成伊人成综合网小说| 99re免费视频精品全部| 欧美综合一区二区| 亚洲午夜精品网| 日韩综合第一页| 欧美一区二区三区电影| 蜜桃av噜噜一区二区三区小说| 蜜桃精品成人影片| www精品美女久久久tv| 国产一区二区三区四| 九九热视频在线免费观看| 国产精品久久久久一区二区三区 | 国产精品99久久久| 日韩a级片在线观看| 亚洲精品视频免费看| 亚洲国产精品第一页| 日韩三级视频在线观看| 精品一区二区三区蜜桃| 国产福利精品一区二区| 一起操在线播放| 亚洲精品国产品国语在线app| 成人做爰69片免费| 精品日韩在线观看| 国产在线国偷精品免费看| 久久精品一区二区三区四区五区| 亚洲欧美影音先锋| 艳妇乳肉豪妇荡乳xxx| 精品国产不卡一区二区三区| 国产成人免费视频| 精品视频1区2区3区| 蜜桃视频在线观看一区| 国产又粗又猛又爽又黄的视频小说 | 国产黄色的视频| 夜夜嗨av一区二区三区网页| 一级特黄a大片免费| 久久久不卡网国产精品一区| www.av精品| 欧美一区二区三区系列电影| 国产一区二区在线免费观看| 色妞www精品视频| 亚洲成人一区二区| av免费播放网站| 亚洲欧美二区三区| 久久久无码人妻精品一区| 中文乱码免费一区二区| 国产麻豆剧传媒精品国产| 精品国产凹凸成av人网站| jvid福利写真一区二区三区| 欧美一级黄色大片| 成人美女视频在线看| 在线综合视频播放| 国产aⅴ精品一区二区三区色成熟| 欧美三级日韩三级| 国产最新精品免费| 欧美日韩三级在线| 国产精品一色哟哟哟| 欧美久久一二区| 国产精品亚洲人在线观看| 欧美色精品天天在线观看视频| 久久国产尿小便嘘嘘尿| 一本色道久久加勒比精品| 免费观看一级特黄欧美大片| 色婷婷综合久久久中文字幕| 免费在线看成人av| 我家有个日本女人| 免费高清在线一区| 欧美亚一区二区| 国产精品一区二区免费不卡| 3751色影院一区二区三区| 成人黄页毛片网站| 久久只精品国产| 极品人妻一区二区| 国产精品丝袜91| av网在线播放| 午夜精品久久久久久久99樱桃| 极品久久久久久| 裸体一区二区三区| 91精品国产综合久久香蕉麻豆| 成人久久久精品乱码一区二区三区| 欧美v国产在线一区二区三区| 艳妇臀荡乳欲伦亚洲一区| 91精品少妇一区二区三区蜜桃臀| 老司机免费视频一区二区| 在线成人av网站| 成年人性生活视频| 亚洲欧洲国产日韩| 天天操夜夜操av| 国产酒店精品激情| 亚洲精品一区二区三区在线观看| 久久国产劲爆∧v内射| 亚洲天堂网中文字| 日韩欧美国产成人精品免费| 久久99久久久欧美国产| 日韩一区二区三区精品视频| 久久无码专区国产精品s| 亚洲日穴在线视频| 色在线观看视频| 国产精品18久久久久久久久 | 欧美一区二区三级| wwwww在线观看| 亚洲精品大片www| 91久久精品一区二区三区| 岛国精品一区二区| 欧美高清在线视频| sm捆绑调教视频| 国产成人在线视频网站| 久久精品综合网| 99re6热在线精品视频| 国产在线日韩欧美| 国产午夜精品理论片a级大结局 | 亚洲二区在线视频| 欧美丝袜丝交足nylons| 激情小说欧美色图| 亚洲一区在线看| 欧美日本在线播放| 欧美双性人妖o0| 日韩不卡手机在线v区| 欧美一区中文字幕| 婷婷亚洲久悠悠色悠在线播放 | 成人精品国产一区二区4080| 国产目拍亚洲精品99久久精品| 欧美日韩生活片| 国产成人亚洲精品青草天美| 中文在线一区二区| 男女性高潮免费网站| 99在线精品观看| 一区二区高清免费观看影视大全| 欧美性猛交xxxxxxxx| 人妻 丝袜美腿 中文字幕| 婷婷中文字幕综合| 精品国产一区二区国模嫣然| 亚洲精品国产精品国自| 国产91精品免费| 亚洲人xxxx| 在线播放/欧美激情| 一级欧美一级日韩片| 免费欧美高清视频| 国产夜色精品一区二区av| 性欧美疯狂猛交69hd| 99久久免费国产| 亚洲一区二区免费视频| 日韩欧美你懂的| 日本在线观看网址| av电影在线不卡| 五月婷婷久久丁香| 欧美精品一区二区三区四区| 我要看一级黄色录像| 黑人性生活视频| 奇米影视一区二区三区| 久久久久久久久久久99999| 69夜色精品国产69乱| 国产成人精品一区二区在线小狼 | 成人18视频在线播放| 亚洲第一精品在线| 精品成人免费观看| 四虎免费在线视频| 污片免费在线观看| 国产麻豆精品视频| 亚洲综合成人在线视频| 日韩视频一区二区| www.毛片com| 欧美丰满少妇人妻精品| 国产成人丝袜美腿| 亚洲第一激情av| 国产欧美视频一区二区| 欧美色网一区二区| 五月激情四射婷婷| 极品白嫩少妇无套内谢| 精品在线观看视频| 亚洲精品成人少妇| 久久久不卡网国产精品二区| 欧美性猛交xxxx黑人交| 粉嫩精品久久99综合一区| 成人三级做爰av| 国产一区在线视频| 亚洲国产毛片aaaaa无费看| 国产亚洲欧美日韩俺去了| 欧美日韩一区二区在线观看| 性爱在线免费视频| 性高潮免费视频| 亚洲国产电影在线观看| 91精品国产综合久久国产大片 | 亚洲精品电影院| 你懂的在线观看网站| 成人深夜福利app| 麻豆91精品91久久久的内涵| 亚洲精品国产a久久久久久| 国产肉丝袜一区二区|