国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / China US trade tensions

US tariffs have cost Americans $22 billion: Report

By Ai Heping in New York | China Daily | Updated: 2019-06-24 09:50
Share
Share - WeChat
Workers stock the shelves at a Home Depot store in Passaic, New Jersey, the United States, Aug 14, 2018. [Photo/IC]

"Trade wars are good, and easy to win," US President Donald Trump tweeted in March 2018. "When we are down $100 billion with a certain country and they get cute, don't trade anymore - we win big. It's easy!"

But a new report says Americans aren't winning.

Since Trump made that comment and started imposing tariffs, the price tag of duties for American businesses and consumers has added up to nearly $22 billion, according to a report issued on June 21 by "Tariffs Hurt the Heartland", a national campaign against tariffs supported by more than 150 US trade groups representing agriculture, manufacturing, retail and tech industries.

The report's data, which is broken down by individual tariff action, shows that of the $22 billion, $15 billion came from tariffs just on Chinese imports. The data runs through April 2019, the most recent month available from the US Census Bureau.

That $22 billion was before the US administration more than doubled the tariff rate on $200 billion worth of Chinese products in May, so current totals are likely much higher.

In addition to the $15 billion from tariffs on China, $4.6 billion has come from steel tariffs, $1.3 billion from aluminum tariffs and $460 million from tariffs on solar products and washing machines, according to the report.

Iowa Republican Senator Charles Grassley, who is leading efforts to produce legislation that would take back power over tariffs from the presidency, has given the same estimate.

US Customs and Border Protection has assessed more than $15.2 billion in tariffs on China and more than $6.5 billion from those levied on steel and aluminum import.

"To be clear, American importers and consumers are paying for these tariffs," Grassley said at a Senate Finance Committee hearing on June 18. " $22 billion out of the pockets of hardworking Americans is not in our national best interest."

"Congress is at fault any time a president exceeds, uses legislative power to do certain things," Grassley said on June 12. "It's got nothing to do with Trump except Trump's use with tariffs."

The data also shows exports generally decreased by 2.5 percent from April 2018 levels.

The US Department of Agriculture expects farm exports to fall by nearly $2 billion to $141.5 billion in fiscal 2019, largely because of tariffs China levied last year to hit back against the US administration.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
黄骅市| 哈密市| 天津市| 黎城县| 法库县| 巍山| 昌黎县| 甘孜| 镇坪县| 渝中区| 年辖:市辖区| 丰台区| 富蕴县| 蕉岭县| 蓬莱市| 浑源县| 尼木县| 东平县| 枣强县| 荣昌县| 罗源县| 甘泉县| 开化县| 西和县| 菏泽市| 伽师县| 临湘市| 昌图县| 洪雅县| 左权县| 宜阳县| 柳河县| 聂荣县| 晋城| 清新县| 故城县| 泰宁县| 冕宁县| 丰原市| 凤台县| 东源县|