American Business People Strongly Oppose The US Tariff Levy.

A few days ago, the US side announced that it would raise tariffs on about 550 billion US dollars in goods exported to China. The US side again wantonly promoted the economic and trade frictions, which made the US industry and Commerce and consumers in an uproar. They pointed out that the US side's act was irresponsible. It not only increased the burden on the American enterprises and consumers, but also had an inestimable negative impact on the US economy.

"American businesses will continue to invest in China and do business with China because the Chinese market is too important," said Myron Brilliant, head of international affairs at the US Chamber of Commerce. David French, senior vice president of the National Retail Federation, said: "under such circumstances, enterprises can not plan for the future. This is actually increasing taxes on US businesses and consumers, and increasing economic and trade frictions. Where is the end? "

"Adding tariffs is not a way to solve the economic and trade frictions between the US and China. It is far better to focus more on how to achieve win-win cooperation." Katie Dunman, director of Global trade and compliance at the Columbia sportswear company, told our reporter that the company's product line is located in 22 countries around the world, but China accounts for 20% of its total shipments. Tariffs will disrupt the industrial chain that many companies have worked hard for decades. The company can not find alternative capacity in other countries in the short term. Now the only way out is to raise prices. But the price increase will reduce demand. By that time, the company will have to close some stores and reduce staff. This is the cost of tariffs imposed by the US government. "Tariffs will hurt US businesses, workers and consumers far more than China."

Richard Waterman, an attorney for the American sportswear brand "Forever 21", said that under the current situation, the clothing industry simply can not bypass China because many textile fabrics can only be produced in China. China's perfect manufacturing, transportation infrastructure, mature workforce and quality control and other advantages are difficult to replicate in other countries. "Through the tariff policy, we can break the division chain formed by the market, and the consequences can only be a shrinking demand and an increase in unemployment."

Matt Pleister, President and chief executive officer of the footwear industry distribution group, said the footwear industry is a labor intensive and capital intensive industry with low profit margins. Most of the shoes imported from China are bought by the American salaried class. The increased costs due to rising tariffs will immediately be passed on to consumers. "These are serious questions. We need a responsible government. Tariffs will not solve the concerns of the US government, nor will it contribute to the growth of the US economy. "

The negative effects of the US side on raising tariffs on Chinese exports to the United States are directly impacting the US agricultural and automotive industries. According to the statistics released by the US International Trade Commission, China is the second largest export market for automobile production in the United States, and exports totaled $6 billion 200 million last year. In terms of auto parts, China is the third largest export market in the US, and exports amounted to US $3 billion 600 million in 2018. Economic and trade frictions will be particularly severe for big car companies in the United States, especially Tesla, Ford and other brands. Higher tariffs will force them to raise prices and thereby lose market share.

Recently, US agricultural commodity prices plummeted. The American Agricultural Producers Union said in a statement: "the economic and trade frictions upgrading means that China will face a higher barrier if we want to enter China's second largest export destination for agricultural products not long ago."