"/>

Tariffs' potential damage to U.S. economy greater than benefit to steel, trade official says

Source: Xinhua    2018-03-11 05:37:31

CHICAGO, March 10 (Xinhua) -- Imposing tariffs may help U.S. steel workers, "but the potential damage to the overall economy might be greater than the benefit to the steel industry," a trade official in the U.S. state of Iowa has said.

"Iowa soybean farmers are very concerned about the potential impact" of imposing heavy tariffs on imported steel and aluminum, Kirk Leeds, CEO of Iowa Soybean Association (ISA) that serves more than 11,000 members across the agricultural state, told Xinhua.

Despite mounting dissensions amid trading partners around the world, U.S. President Donald Trump on Thursday signed proclamations to impose a 25-percent tariff on imported steel and a 10-percent tariff on aluminum.

In an open letter to Trump on Wednesday, all six congressional lawmakers from Iowa warned that the tariffs "could set into motion a chain of retaliatory measures, hurting Iowans from the family farm to the family-owned manufacturing plant."

"As farmers have already faced several years of low commodity prices, any hit to demand would be devastating to their financial situations," the letter said.

Marina Whitman, professor emerita of business administration and public policy at the University of Michigan, echoed Leeds' word.

Trump's tariffs "are likely to raise prices of consumer goods containing aluminum or steel and, more important, will raise them for manufacturers whose products use aluminum and steel, making them less competitive."

"A lot more people are employed in the U.S. in companies using aluminum and/or steel in their products than in those making them," she said. Moreover, "it is a major step toward undermining the international rule of law in trade, which the U.S. took the lead in creating ever since WWII."

The American Soybean Association also responded forcefully to the tariffs. "These tariffs are a disastrous course of action from the White House. They may lead to retaliation by one or more of our valuable trading partners, which in turn will kneecap demand for soybeans in a time when the farm economy is struggling," it said in a statement.

Agricultural trade has been the ballast in the ships sailing in the sea of trade between the United States and China.

"The only way to maintain good trade relations between China and the U.S. is to make sure that both sides continue to fully engage in conversation, negotiations and open dialogue," said Leeds, which will soon pay a visit to China.

"Over the years, the ISA has developed very deep and meaningful relationship with many friends in China," he said. "We will continue to reach out to these friends as we navigate these unsettled times."

"China is an important customer of the Iowa soybean farmers and we look forward to working with our friends to overcome what we hope are short-term challenges," Leeds said.

"We need to make sure that these current waves of discontent in trade between our two important countries do not disrupt agricultural trade," Leeds added.

Editor: Yurou
Related News
Xinhuanet

Tariffs' potential damage to U.S. economy greater than benefit to steel, trade official says

Source: Xinhua 2018-03-11 05:37:31

CHICAGO, March 10 (Xinhua) -- Imposing tariffs may help U.S. steel workers, "but the potential damage to the overall economy might be greater than the benefit to the steel industry," a trade official in the U.S. state of Iowa has said.

"Iowa soybean farmers are very concerned about the potential impact" of imposing heavy tariffs on imported steel and aluminum, Kirk Leeds, CEO of Iowa Soybean Association (ISA) that serves more than 11,000 members across the agricultural state, told Xinhua.

Despite mounting dissensions amid trading partners around the world, U.S. President Donald Trump on Thursday signed proclamations to impose a 25-percent tariff on imported steel and a 10-percent tariff on aluminum.

In an open letter to Trump on Wednesday, all six congressional lawmakers from Iowa warned that the tariffs "could set into motion a chain of retaliatory measures, hurting Iowans from the family farm to the family-owned manufacturing plant."

"As farmers have already faced several years of low commodity prices, any hit to demand would be devastating to their financial situations," the letter said.

Marina Whitman, professor emerita of business administration and public policy at the University of Michigan, echoed Leeds' word.

Trump's tariffs "are likely to raise prices of consumer goods containing aluminum or steel and, more important, will raise them for manufacturers whose products use aluminum and steel, making them less competitive."

"A lot more people are employed in the U.S. in companies using aluminum and/or steel in their products than in those making them," she said. Moreover, "it is a major step toward undermining the international rule of law in trade, which the U.S. took the lead in creating ever since WWII."

The American Soybean Association also responded forcefully to the tariffs. "These tariffs are a disastrous course of action from the White House. They may lead to retaliation by one or more of our valuable trading partners, which in turn will kneecap demand for soybeans in a time when the farm economy is struggling," it said in a statement.

Agricultural trade has been the ballast in the ships sailing in the sea of trade between the United States and China.

"The only way to maintain good trade relations between China and the U.S. is to make sure that both sides continue to fully engage in conversation, negotiations and open dialogue," said Leeds, which will soon pay a visit to China.

"Over the years, the ISA has developed very deep and meaningful relationship with many friends in China," he said. "We will continue to reach out to these friends as we navigate these unsettled times."

"China is an important customer of the Iowa soybean farmers and we look forward to working with our friends to overcome what we hope are short-term challenges," Leeds said.

"We need to make sure that these current waves of discontent in trade between our two important countries do not disrupt agricultural trade," Leeds added.

[Editor: huaxia]
010020070750000000000000011100001370301741
乐发lv 大发app 凤凰彩票app 乐发iv游戏平台 凤凰彩票大厅 乐发彩票 乐发彩票app下载 大发彩票 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 凤凰彩票大厅 乐发官网 乐发ii下载入口 乐发ll 乐发v平台 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 乐发lv 乐发lll安装 乐发lv 乐发登录入口 乐发iv游戏平台 凤凰彩票登录 网信彩票 彩神 彩神彩票官方网站 彩神彩票官网首页 彩神官方app下载安卓版 凤凰彩票登录 彩神v3 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 快3官网 网信彩票 快3app 网信彩票平台 百姓彩票平台 网信平台官网 快3app下载 百姓彩票 每日彩票 快3app 百姓彩票 每日彩票 快3app 百姓彩票平台 幸运5分彩快3 快3彩票app下载 百姓彩票网站网址 大发10分PK10 快3下载 网信彩票平台 网信平台官网 快3彩票官网app 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 大发彩票app下载 百姓彩票网站网址 彩神购彩平台 每日彩票 官方正规快三彩票平台 彩神彩票购彩平台 百姓彩票 凤凰彩票购彩平台 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 凤凰彩票登录 乐发lv 乐发∨Il 百姓彩票网站网址 乐发彩票 乐发彩票官方网站 乐发lll安装 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 一分快3 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 乐发lll 乐发ii下载入口 乐发彩票官方网站 凤凰彩票官方网站 凤凰快3 彩神彩票官网首页 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 凤凰彩票app 乐发app 网信彩票平台 网信彩票平台 乐发iv游戏平台 凤凰彩票app 乐发lv 乐发彩票app下载 凤凰彩票app 网信彩票平台 乐发彩票app下载 乐发lv 乐发app 大发彩票安卓下载 大发彩票安卓下载 大发彩票 乐发彩票app下载 网信彩票平台 乐发iv游戏平台 彩神彩票 乐发彩票中心 极速快3彩票平台 人人快三凤凰 大发彩票app 大发彩票大全 乐发彩票 彩神彩票官方网站 乐发app 酷天堂彩票平台 凤凰彩票app下载 凤凰彩票大厅 凤凰彩票app 极速快3彩票平台 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 大发彩票app 网信彩票用户 百姓快三 百姓彩票平台 乐发lv 乐发彩票app下载 彩信平台 网信彩票 乐发彩票官方网站 乐发∨Il 人人快三凤凰 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 人人快三凤凰 乐发彩票 彩神彩票 乐发iv游戏平台 乐发彩票 大发彩票中心 凤凰彩票登录 凤凰彩票app 彩神彩票 大发彩票 乐发ll 大发彩票app 凤凰快3 凤凰彩票 彩神彩票 乐发ll 凤凰彩票 乐发lll 凤凰彩票大厅 网信彩票 彩神彩票 乐发lv 快盈彩票 乐发彩票官方网站 盈彩网投资平台 大发官网 一分时时彩 乐发lv 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 彩神iv 大发彩票app 大小单双平台 一分pk10 乐发lv 快盈彩票 乐发官网 快彩彩票 百姓彩票 凤凰彩票大厅 网信彩票 乐发彩票中心 网信快3 乐发 彩神xl 三分快3 大发彩票 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 乐发彩票官方网站 大发彩票 乐发 分分快3 彩神vl 55世纪 55世纪 凤凰快3 乐发彩票 乐发lv welcome凤凰彩票 乐发ll 1分快3 彩神 彩神ll 1分快3官网 1分快3的平台 welcome凤凰彩票 三分快3 彩神x 彩神vl 凤凰彩票 彩神xl 大发彩票 凤凰彩票大厅 乐发官网 乐发ll 乐发lll 乐发lv 大发彩票app 大发彩票 乐发 乐发彩票 乐发彩票中心 凤凰快3 乐发彩票 彩神xl 腾讯快3 大发彩票 彩神xl 大发彩票 乐发彩票 大发彩票app 快3平台 乐发 1分快3 乐发彩票 彩神x 凤凰快3 彩神xl 彩吧助手 大发彩票app 快3平台 大发排列3 彩神iv 彩神vl 乐发IV 彩神x 一分pk10 大发排列3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 一分pk10 凤凰彩票 乐发Vll 大发官网 乐发ll 大发彩票 乐发1 凤凰快3 彩神vl 乐发lx 百姓彩票 乐发VI 彩神x 乐发IV 极速快3 乐发 凤凰快3 网信快3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 凤凰彩票大厅 乐发lv 乐发lv 乐发lv 凤凰彩票 大发彩票 大发彩票 凤凰彩票 乐发lv 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 彩神x 乐发 乐发ll 极速快3 乐发lv 乐发彩票中心 快3彩票 凤凰彩票大厅 彩神x 凤凰彩票app 分分快3 网信彩票 网盟彩票 凤凰彩票 百姓彩票 乐发 快彩彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 极速快3 乐发ll 网信彩票 乐发lv 全民彩票 凤凰彩票app下载 快盈彩票 大发彩票app 大发官网 凤凰彩票 彩神iv 大发彩票 网信快3 凤凰彩票 百姓彩票