US companies, consumers paying price for its tariffs
Editor's note: Some in the United States claim that increased tariffs on Chinese goods have had a positive effect, and not added extra costs to US consumers. But this completely contradicts the facts. Zhong Sheng, a columnist for People's Daily, comments:
The negative effects resulting from the extra tariffs on Chinese goods have extended to the daily necessities of US households. Those people heralding the tariffs as a pain-free way to attack China should listen to the protests from all walks of life against the wanton imposition of tariffs and correctly deal with growing complaints from the public.
In the era of economic globalization, the economies of all countries are intertwined. The ever-escalating tariffs imposed by the US are totally irrational and go against the basic laws of economics, and will harm the interests of US enterprises and end up making ordinary US people pay the bill.