BEIJING, April 6 -- As Donald Trump threatens to impose additional tariffs on imports from China, industrial insiders believe the U.S.-initiated tensions will hurt American consumers and companies.
Fujian RnJ Group is a food business founded by some American Chinese in 2017 in the eastern province of Fujian. William Ke, vice president of the company, said they import about 1.6 million U.S. dollars of products from Australia, New Zealand and the U.S. every month.
"There is no winner in a trade war, and the victims will be all the parties involved in the whole industrial chain," he said.
"If the cost of the American products rises, we will shift our imports to other countries which will be a blow to American manufacturers and farms," he said.
He noted that the U.S. trade deficits with China will be reduced as China opens up its markets.
"For example, the Boston lobsters are popular in China with the price now almost three times what it was 2017," he said. The Chinese market for American agricultural products is full of potential.
Li Jianguo, general manager of Datong Reciprocity Group, a valve producer also in Fujian, said about 20 percent of its products go to the United States.
"If the tariffs are put into practice, our business in the United States will definitely be affected," he said. "U.S. companies will also be harmed as some of our parts are imported from the U.S."
Shunmei Group, a Fujian porcelain producer in Fujian. works with companies such as Walmart, Disney and Coca-Cola.
【国内英语资讯:China Focus: U.S. protectionism to hurt interests of its own】相关文章:
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