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

Economists at Moody's Analytics also found that U.S.-China trade disputes would slash U.S. real gross domestic product (GDP) by 2.6 percentage points and cost the economy 3 million jobs by the final quarter of 2020.

A February report by economic consulting firm Trade Partnership Worldwide found that an average U.S. family of four would pay 2,300 U.S. dollars more in goods and services each year should Washington impose an additional 25-percent tariffs on all goods from China.

In three years, while 334,900 workers will gain jobs as a result of the tariffs against China, around 2.5 million workers will lose jobs, seven for every job gained. The tariffs will cost the U.S. economy more than 5.5 million dollars for every job gained, it said.

"The people who are paying tariffs are (in fact) U.S. citizens ... It's coming out of their pockets," said Gilad Alper, head of research at Israel's Excellence Nessuah Trust Company.

JEOPARDIZING GLOBAL GROWTH

With Washington ramping up pressure on China and other trading partners, analysts worldwide have said such self-inflicted tariff hikes will also give a body blow to the global economy.

Global financial markets are experienced turbulence amid growing concerns on U.S.-China trade frictions.

"We are certainly going to see a significant reduction on the world's functional markets. Look at what has been happening on the equity market for the couple of days," said Dawie Roodt, chief economist at African financial services company Efficient Group.