国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Interview: Trump's arguments of imposing tariffs on China "tenuous" -- UAE expert

Source: Xinhua| 2018-03-23 13:05:55|Editor: Liangyu
Video PlayerClose

DUBAI, March 22 (Xinhua) -- U.S. President Donald Trump's latest trade threats against China are yet another example of "shoot from the hip policy-making," said an expert from the United Arab Emirates (UAE) on Thursday.

"Many companies in the United States have lobbied him to back down on tariffs he is about to impose on China," said Gary Dugan, chief investment officer at the Dubai-based consulting firm Namara Wealth Advisors.

"Trump's arguments for imposing tariffs are tenuous even if he had a valid argument concerning protection of patent on technology," he added.

The expert said the large U.S. deficit with China is mostly "self-inflicted."

The deficit is partly caused by U.S. companies' exporting their products back to the United States after the products were manufactured in China, Dugan noted.

Besides, he said, the U.S. government restricts the sale of some high-valued products to China based on the argument that they do not want to share some leading-edge technology with China.

Dugan also saw Trump's move as a political manoeuvre targeting the upcoming mid-term elections in November.

"These tariffs are in my view not about real trade issues but purely about the U.S. president's pandering to an ill-informed electorate," he said.

Earlier in the month, Nasser Saidi, a Dubai-based economist and former Lebanese economy minister, said Trump's imposition of substantial tariffs on steel and aluminum has triggered "fear of a trade war and has sent shock waves worldwide."

Earlier in March, Trump announced that the United States would slap a 25-percent tariff on imported steel and a 10-percent one on imported aluminum, sparking widespread criticism and opposition among congressional Republicans, business groups and its trading partners.

Earlier on Thursday, Saidi said on Twitter that Trump's latest tariff policy imposed on China "has the possibility to derail global trade and economic growth."

The UAE financial community will observe the impact of the shockwaves on global trade as China has emerged as the Gulf state's biggest non-oil trade partner, said Saidi.

China remained as the UAE's top trade partner in 2016, UAE state news agency WAM reported earlier, citing statistics from the UAE's Ministry of Economy.

The UAE-China trade totalled 170.2 billion dirhams (46 billion U.S. dollars) in 2016, down slightly from 174.6 billion dirhams (47.1 billion dollars )in 2015 and 175.8 billion dirhams (47.5 billion dollars) in 2014.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370597081
主站蜘蛛池模板: 南陵县| 四子王旗| 巩义市| 萝北县| 巩留县| 丰台区| 东丰县| 江西省| 建瓯市| 石首市| 新安县| 石景山区| 迭部县| 濮阳县| 开远市| 胶南市| 墨竹工卡县| 贵溪市| 威信县| 海伦市| 双桥区| 如东县| 平江县| 马公市| 泰兴市| 榆树市| 鄂伦春自治旗| 延安市| 长葛市| 富阳市| 改则县| 卓尼县| 通海县| 大英县| 罗山县| 六安市| 台安县| 延川县| 柏乡县| 会东县| 安庆市|