Look at the reaction of all sectors of American so

2022-08-24
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Impose tariffs? Look at the reaction of all sectors of American society

release date: Source: People's international views: 5705 copyright and disclaimer

core tips: focus on: 1. Imposing tariffs on Chinese goods exported to the United States will hurt American consumers, which has become the consensus of all sectors of American society. Recently, many U.S. industry organizations and enterprises have issued

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key points:

1 imposing tariffs on Chinese goods exported to the United States will harm U.S. consumers, which has become the consensus of all sectors of American society. Recently, many American industry organizations and enterprises have voiced their opposition to the US government raising tariffs

2 the impact of raising tariffs on American consumers is real, making people's money bags "deflate". The upcoming higher tariffs will have a huge impact on ordinary consumers in the United States, because they involve a range of consumer goods, including groceries, textiles, clothing, sporting goods, soap, lamps and air conditioners

3 American farmers have also been hit, and their livelihoods have been seriously affected. In 2018, the net agricultural income of the United States fell by 12%, and the prices of soybeans, pork, dairy products and wheat fell precipitously, while the prices of equipment were rising, resulting in a sharp decline in profits

People's Washington, May 8 (Wu leyun) - the office of the U.S. trade representative announced on May 8 that it would increase tariffs on $200billion worth of Chinese goods exported to the United States from 10% to 25% from May 10. China US economic and trade negotiations are still in progress, and all sectors of American society strongly oppose the US government's increase in tariffs, believing that this will only harm the US economy

a sudden increase in tariffs will severely hit American enterprises

imposing tariffs on Chinese goods exported to the United States will harm American consumers, which has become the consensus of all sectors of American society. Recently, many American industry organizations and enterprises have voiced their opposition to the US government raising tariffs

the American Soybean Association issued an announcement on the 7th, urging the U.S. government to cancel its plan to impose tariffs on Chinese goods, and expecting the U.S. government to establish better trade relations with China through negotiations. Rick helfenbein, President of the American clothing and Footwear Association, said that raising tariffs would only hurt American families, American workers, American companies and the American economy. Gary Shapiro, President of the American consumer Technology Association, said that a sudden increase in tariffs to 25% would "disrupt the market and harm American enterprises"

French, senior vice president of government relations of the American Retail Federation, said that the sudden increase in tariffs would seriously hit American enterprises, especially those small and medium-sized enterprises with limited resources and unable to mitigate the impact, "American consumers will face higher prices and American employment opportunities will be reduced"

a study by the US business consulting agency "Global trade partnership" in Washington shows that the imposition of a 25% tariff on US $200billion worth of Chinese goods exported to the United States, together with the existing imposition of a 25% tariff on US $50billion worth of Chinese goods, and the imposition of tariffs on imported steel and aluminum products, will lead to the reduction of 934000 jobs in the United States every year and an increase of US $767 in the cost of living for a family of four

American consumers' money bags are "deflated"

the impact of tariff increases on American consumers is real, making people's money bags "deflated". The Wall Street report pointed out that the upcoming higher tariffs will have a huge impact on ordinary consumers in the United States, because they involve a series of consumer goods, including groceries, textiles, clothing, sporting goods, soap, lamps and air conditioners

last year, the American Chamber of Commerce opened a special page called "trade works, but tariffs don't work" on its website, believing that American enterprises and consumers are suffering from the impact of the trade war, and using light to dark red to mark the damage caused by the ongoing trade war to American States and enterprises. Click any state to find out the impact of trade disputes on its major industries. The longer the trade dispute lasts, the more and more Crimson has been hurt the most on the map, covering nearly 40 states

recently, the University of Chicago and the federal research team of the United States believed that a joint study of the reserve board used the "washing machine example" to prove the impact of raising tariffs on consumer goods. The results show that since the United States imposed tariffs on imported washing machines in January 2018, the average price of washing machines has increased by 12%, and the annual spending of American consumers on washing machines and dryers has increased by $1.5 billion. Each washing machine costs an extra $86 and each dryer costs an extra $92

a study by economists from the Federal Reserve Bank of New York, Columbia University and Princeton University found that the U.S. government raised tariffs - including tariffs on steel, aluminum, solar panels and imported products from China. The tax burden fell entirely on U.S. consumers and enterprises, at least $1.4 billion a month for U.S. consumers

American farmers are experiencing "difficult economic times"

American farmers have also been hit, and their livelihoods have been seriously affected. In 2018, the net agricultural income of the United States fell by 12%, and the prices of soybeans, pork, dairy products and wheat fell precipitously, while the prices of equipment were rising, resulting in a sharp decline in profits

Lowell neitzel, the fourth generation farmer of Bismarck farm in Kansas, told this newspaper that his farm has been experiencing "difficult economic times" since last year due to the imposition of tariffs. Last year, the U.S. government announced the issuance of $12billion in agricultural subsidies to assist U.S. farmers who were damaged in trade disputes provoked by the United States. Lovy Nazir said that the subsidy money was obtained, but compared with the lost market and reduced income, "this subsidy is far from enough"

Dr. Dale Fjell, director of the research management department of the Kansas corn Association, told this newspaper that most of farmers' income is invested in entering the field of lithium batteries and lithium battery recycling agricultural machinery and equipment, which is not only due to the decline in sales and income caused by the increase in tariffs, but also due to the rise in equipment costs. The construction of warehouses for agricultural machinery and equipment requires the use of raw materials such as iron and aluminum, which have been heavily taxed due to the trade war, resulting in rising costs in this regard. "I don't know how long this situation will last. Farmers have been waiting for good news, but they have been disappointed again and again." He said

looking at the major media in the United States, examples of American farmers affected by the imposition of tariffs are everywhere. Jim tappon, a grain farmer in Kansas, said, "we survived the difficult times of the 1970s and 1980s, but we can't survive now." His family had to give up their farm after nearly 100 years of operation. Howard hill, a pig farmer in Iowa, is losing money. He said, "we have patience, but we don't have infinite patience." John Boyd, a farmer who grows soybeans, corn and wheat in Virginia, can no longer afford the equipment he needs to make the readings accurate. "I didn't buy anything"... The Bureau of Economic Research of the U.S. Department of Agriculture said that the trade war may reduce the U.S. agricultural trade surplus in fiscal 2019 to the lowest level since 2007, in part because "it is expected that exports to China will decline significantly"

the economic and trade frictions between the world's two largest economies have also raised concerns about global economic growth. The International Monetary Fund, the world bank and other institutions recently lowered their expectations for world economic growth, and the World Trade Organization lowered its expectations for Global trade growth in 2019 from 3.7 percent to 2 domestically 6%, the lowest level in three years. In an interview with this newspaper, Ji'an Maria milesi Ferretti, deputy director of the research department of the International Monetary Fund, said that the increase of trade barriers will damage the global supply chain, and the US trade policy and the resulting intensification of trade tensions are one of the main threats to the current world economic prospects

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