BEIJING, April 11 (Xinhua) -- The U.S. government has taken a dangerous step in recent days with its trade policy, using the rhetoric of "reciprocity" to impose a new wave of tariffs on major global trading partners, particularly China. In the face of escalating "tariff extortion," China...
If the argument is that it’s worth paying the cost of ruined supply chains because that will protect you from Trump’s tariffs, who trusts Trump not to reimpose punitive tariffs on our supposed allies the next time he thinks they’re looking at him funny? 第三,即使特朗普的承诺是可信的,...
BEIJING, April 11 (Xinhua) -- The U.S. government has taken a dangerous step in recent days with its trade policy, using the rhetoric of "reciprocity" to impose a new wave of tariffs on major global trading partners, particularly China. In the face of escalating "tariff extortion," China...
President Donald Trump is all set to impose tariffs on agricultural products on April 2, while China and Canada have already announced retaliatory tariffs on several items, including food and farm products. Yet, shares ofFMC Corp(NYSE: FMC), which calls itself an agricultural sciences company and...
Governments impose tariffs to raise revenue, protect domestic industries, or exert political leverage over another country. Tariffs often result in unwanted side effects, such as higher consumer prices. Tariffs have a long and contentious history, and the debate over whether they represent good or ba...
Why do some economists oppose tariffs? The equilibrium price for a good is $20. The government imposes a $30 price ceiling. Why do we expect firms in this market to only charge $20? Why won't companies charge $30? Why are economists interested ...
Tariffs Tariffs are a tax on imported products. These taxes are charged to reduce the number of imported items and also the total value of the items that are imported. Answer and Explanation:1 Less developed countries need to impose higher tariffs because otherwise their domestic markets will be...
That is why his threats to impose such massive tariffs are likely to be a “negotiation tactic”, and he won’t actually go through with actual tariffs on Mexico and Canada. China though have no such wide-ranging free-trade agreement with the US to protect itself from more tariffs. ...
“We think there’s a good possibility for substitution in that area,” the official said. This, however, raises an obvious question:Ifthe EU were to impose tariffs on Canadian steel, wouldn’t Ottawa likely retaliate by, say, restricting timber exports to the EU?
Trump defended the tariffs he has threatened to impose on America’s trading partners. A trade war could boost prices further on everything from fruits and vegetables to cellphones, lumber and cars. In the opening hours of Trump's presidency, the Democratic National Committee issued talking ...