国内英语资讯:Xinhua Headlines: Trade war produces no winner_时事

国内英语资讯:Xinhua Headlines: Trade war produces no winner

"His departure raised questions about the direction of the Trump administration and sent Dow futures plummeting 300 points," said the cnn.

Prior to the move on steel and aluminum, the U.S. administration in January approved tariffs of up to 50 percent on imported washers for the next three years and of up to 30 percent on solar cells and modules for the next four years.

The move marked the first time that the U.S. government had ever used the so-called Section 201, an outdated tool under a rarely used Trade Act of 1974, to unilaterally impose tariffs or other trade restrictions on foreign imports since 2001.

Opposition ran high even before Cohn's departure. Levi's, known worldwide for its iconic jeans and one of the targets of the European Union's (EU) retaliation, said it was strongly against trade barriers.

"We support open markets and free trade where everyone plays by the rules. Unilateral tariff impositions risk retaliation and destabilize the global economy, in which case American brands, workers and consumers will ultimately suffer," said a spokesperson of Levi's.

Meanwhile, Business Roundtable, an association of chief executive officers of America's leading companies, said it strongly disagrees with the tariffs because it will hurt the U.S. economy and American companies, workers and consumers and would lead to foreign retaliation against U.S. exporters.

"Using 'national security' tools to implement tariffs could embolden other countries to impose 'national security' tariffs on U.S. exporters or otherwise restrict U.S. goods and services sold to their markets," said Joshua Bolten, president and CEO of Business Roundtable, in a statement.