Tourk said China's measured response shows that Beijing is not eager to start a trade war. "Obviously, if the situation is to escalate, the global economy will suffer," the expert added.
"A trade war only disadvantages our already disadvantaged populations," said William J. Carroll, president emeritus of the Benedictine University.
U.S. National Pork Producers Council (NPPC) posted a statement on its website the same day when Trump signed the memorandum, in which NPPC President Jim Heimerl said higher tariffs on imports from China will in turn harm U.S. producers and undermine the rural economy.
"No one wins in these tit-for-tat trade disputes, least of all the farmers and the consumers," said Heimerl.
U.S. pork industry exported 1.1 billion dollars of products to China in 2017. "China is a very important market for U.S. pork producers. In 2017, China was the second largest U.S. pork export market by volume and the third largest export market by value," Jim Monroe, NPPC senior communications director, told Xinhua.
Scholars said U.S. trade deficit is a problem, but not in the way Trump's administration thinks. "The deficit reflects lack of savings," said Tourk. It in fact reflects a deeper problem of imbalance in the flow of international investment.
"The best policy to increase American exports is to increase productivity," the professor said, adding this will require years to accomplish
【国际英语资讯:Protectionist tariffs no solution for U.S. trade imbalance】相关文章:
★ 学礼仪 迎奥运
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15