国内英语资讯:Xinhua Headlines: U.S. tariff addiction -- a cause of concern to global economy_时事

国内英语资讯:Xinhua Headlines: U.S. tariff addiction -- a cause of concern to global economy

In an opinion piece, Martin Wolf, chief economics commentator at the Financial Times, wrote that the U.S. government believes in "transactions over alliances, bilateralism over multilateralism, uNPRedictability over consistency, power over rules and interests over ideals."

COMING OUT OF AMERICANS' POCKETS

The U.S. government has repeatedly claimed that the tariff measures will profit the United States, but few around the world agree.

It is not in the interest of either U.S. consumers or Chinese workers "to have this endless escalation of trade conflict," Jason Isaacson, chief policy and political affairs officer at the American Jewish Committee, told Xinhua.

To silver-haired Iowa farmer Rick Kimberley, "it's a slow-burn, it's affecting us slowly. I mean it's affecting our income."

Kimberley's hunch was right. According to U.S. newspaper the Star Tribune, a total of 84 farms in U.S. Upper Midwest region filed for bankruptcy between July 2017 and June 2018, doubling the number in 2013 and 2017, partly due to raging trade disputes.

"Tariffs are taxes that American businesses and consumers pay," stated a letter sent to Washington a month ago by a coalition named Americans for Free Trade, bearing 151 signatures of a wide range of business associations.

In a report released on May 11, Goldman Sachs revised up its estimate of the tariffs' impact on U.S. core personal consumption expenditures. "The costs of the tariffs have fallen entirely on U.S. businesses and households."