19 August 2019
The United States' inconsistent and irresponsible behavior in escalating trade disputes with China will not only harm the development of the U.S. economy, but also bring very dangerous impact on the world economy, said an expert Sunday. senior researcher, Bosphorus Center for Asian Studies, Hasim Turker said "It will inevitably affect the U.S. economy. There is a trade deficit between China and the U.S. trade. Its source is the consumer products actually. So if Trump will put extra tariffs, most of the pressure will be on U.S. consumers." "It's very dangerous for the whole world. Free trade is the oil of the global machine, so, if it is damaged, the whole world's prosperity and peace will be damaged."
The United States Trade Representative (USTR) announced earlier this month that the United States will impose a 10-percent tariff on 300 billion U.S. dollars' worth of Chinese imports from Sept 1, a move that violates the consensus reached between the two heads of state. Later it changed the effective date of the additional tariff to Dec 15.
-- End --