U.S. business representatives call on the government not to impose tariffs on Chinese products
- Categories:Industry News
- Author:小白
- Origin:编辑部
- Time of issue:2020-02-03 16:33
- Views:
(Summary description)
Xinhua News Agency, Washington, June 25 (Reporter Deng Xianlai and Liu Yang) The hearing on the US government's proposal to impose tariffs on approximately US$300 billion of Chinese products exported to the United States entered the last day on the 25th. Representatives of many American companies called on the government not to impose tariffs on Chinese products, believing that tariffs would damage the interests of companies and consumers, and would not help protect American intellectual property rights and jobs.
At the hearing that day, more than 40 representatives from the clothing and footwear, sports and fitness equipment, mobile electronic equipment, toilet appliances, electrical accessories and other industries across the United States generally believed that imposing tariffs on Chinese goods would make American companies and consumers suffer. Because Chinese suppliers have price and capacity advantages, it is difficult for companies to transfer the supply chain.
A New York-based sock manufacturer said that imposing a 25% tariff on socks would put the company in an existential crisis. A company that specializes in tung oil said that Chinese tung oil has special qualities and is favored by users. The United States has been importing tung oil from China for a long time. Only China can meet the requirements of the United States. The new round of tariffs will harm the competitiveness of American companies. A lithium-ion battery manufacturer also said that China’s production of lithium-ion batteries is huge and the technology is leading, and imposing tariffs on lithium-ion batteries will bankrupt the company.
This round of hearings began on June 17. During the hearing, many industry representatives came to testify. They showed various products of the company to government officials present, or held up a notice board to emphasize the harm of tariffs, and called on the US government not to impose tariffs on goods imported from China.
After the hearing, the public will have one week to submit additional comments to the Office of the United States Trade Representative. Before the hearing, 520 companies and 141 trade associations in the United States have jointly sent a letter to President Trump, urging the government not to impose tariffs on goods imported from China, and return to the negotiating table to reach a settlement with China.
U.S. business representatives call on the government not to impose tariffs on Chinese products
(Summary description)
Xinhua News Agency, Washington, June 25 (Reporter Deng Xianlai and Liu Yang) The hearing on the US government's proposal to impose tariffs on approximately US$300 billion of Chinese products exported to the United States entered the last day on the 25th. Representatives of many American companies called on the government not to impose tariffs on Chinese products, believing that tariffs would damage the interests of companies and consumers, and would not help protect American intellectual property rights and jobs.
At the hearing that day, more than 40 representatives from the clothing and footwear, sports and fitness equipment, mobile electronic equipment, toilet appliances, electrical accessories and other industries across the United States generally believed that imposing tariffs on Chinese goods would make American companies and consumers suffer. Because Chinese suppliers have price and capacity advantages, it is difficult for companies to transfer the supply chain.
A New York-based sock manufacturer said that imposing a 25% tariff on socks would put the company in an existential crisis. A company that specializes in tung oil said that Chinese tung oil has special qualities and is favored by users. The United States has been importing tung oil from China for a long time. Only China can meet the requirements of the United States. The new round of tariffs will harm the competitiveness of American companies. A lithium-ion battery manufacturer also said that China’s production of lithium-ion batteries is huge and the technology is leading, and imposing tariffs on lithium-ion batteries will bankrupt the company.
This round of hearings began on June 17. During the hearing, many industry representatives came to testify. They showed various products of the company to government officials present, or held up a notice board to emphasize the harm of tariffs, and called on the US government not to impose tariffs on goods imported from China.
After the hearing, the public will have one week to submit additional comments to the Office of the United States Trade Representative. Before the hearing, 520 companies and 141 trade associations in the United States have jointly sent a letter to President Trump, urging the government not to impose tariffs on goods imported from China, and return to the negotiating table to reach a settlement with China.
- Categories:Industry News
- Author:小白
- Origin:编辑部
- Time of issue:2020-02-03 16:33
- Views:
Xinhua News Agency, Washington, June 25 (Reporter Deng Xianlai and Liu Yang) The hearing on the US government's proposal to impose tariffs on approximately US$300 billion of Chinese products exported to the United States entered the last day on the 25th. Representatives of many American companies called on the government not to impose tariffs on Chinese products, believing that tariffs would damage the interests of companies and consumers, and would not help protect American intellectual property rights and jobs.
At the hearing that day, more than 40 representatives from the clothing and footwear, sports and fitness equipment, mobile electronic equipment, toilet appliances, electrical accessories and other industries across the United States generally believed that imposing tariffs on Chinese goods would make American companies and consumers suffer. Because Chinese suppliers have price and capacity advantages, it is difficult for companies to transfer the supply chain.
A New York-based sock manufacturer said that imposing a 25% tariff on socks would put the company in an existential crisis. A company that specializes in tung oil said that Chinese tung oil has special qualities and is favored by users. The United States has been importing tung oil from China for a long time. Only China can meet the requirements of the United States. The new round of tariffs will harm the competitiveness of American companies. A lithium-ion battery manufacturer also said that China’s production of lithium-ion batteries is huge and the technology is leading, and imposing tariffs on lithium-ion batteries will bankrupt the company.
This round of hearings began on June 17. During the hearing, many industry representatives came to testify. They showed various products of the company to government officials present, or held up a notice board to emphasize the harm of tariffs, and called on the US government not to impose tariffs on goods imported from China.
After the hearing, the public will have one week to submit additional comments to the Office of the United States Trade Representative. Before the hearing, 520 companies and 141 trade associations in the United States have jointly sent a letter to President Trump, urging the government not to impose tariffs on goods imported from China, and return to the negotiating table to reach a settlement with China.
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