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Recently, a U.S. newspaper published an article saying that the Section 301 tariffs U.S. imposed on China have not only failed from an economic, political, and legal standpoint, they have even backfired on U.S.'s own economy. Since the U.S. started its trade war with China, the U.S. has borne more than 90% of the tariff costs, lost more than 2 percent of its manufacturing jobs, and its trade deficit in goods with China has been widening. In this episode of BizBeat, CGTN's Hou Jing explains.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466