USEUROPEAFRICAASIA 中文双语Français
Home / Top News

Raised tariffs seen exacting political price

By Zhao Huanxin in Washington | China Daily | Updated: 2019-05-21 07:11

Washington's strategies hurt consumers due to higher import costs, experts warn

The United States' escalation of trade tensions with China, compounded by newly enacted and threatened additional tariffs on Chinese imports, could come with a political price by hitting the US economy and employment, so the Trump administration should "reverse course", said some experts and executives.

As the tariffs rise, so does the economic impact, according to Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foundation.

Raised tariffs seen exacting political price

Today's Top News

Editor's picks

Most Viewed

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