Analysts also warned about retaliatory measures from China.
"One of the first places I think the Chinese would retaliate would be by reducing significantly the purchase of soybeans from the United States," Andy Rothman, an investment strategist at Matthews Asia, said at a January event co-hosted by SupChina and China Institute.
Trump will have a lot of Republican congressman from the Midwest saying "we could lose some significant number of seats during the midterm elections," Rothman said.
He also said that people do not hear very much from the American companies that are doing well in China.
For example, GM sells more cars in China than it does in the United States; Boeing delivers more aircraft in China than it does here; about half of the U.S. soybeans are going to China.
"U.S. exports to China have grown by 500 percent since it joined the WTO," he added.
Data from the Office of the U.S. Trade Representative showed that U.S. exports of goods to China in 2016 were 115.6 billion dollars, accounting for 8 percent of overall U.S. exports in 2016 and up 503 percent from 2001 (pre-WTO accession).
Statistics from the U.S. Department of Commerce show that U.S. exports of goods and services to China supported an estimated 911,000 jobs in 2017, according to the latest data available.
BEST OPTIONS ARE AVAILABLE
As leading members of the WTO, the United States and China should rely on the WTO dispute mechanism as the first line of defense in dealing with the inevitable trade disputes that arise between the two nations, Roach said.
【国内英语资讯:Spotlight: U.S., China have better options to address trade issues】相关文章:
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