Expert: Additional tariffs bad for US

CNC
Added On August 13, 2019

Eric Mangunyi, a researcher at the Walter Sisulu University in South Africa, said the direct tariffs imposed on Chinese imports used to produce other goods in the United States would lead to slower growth in the U.S. economy because of a reduction in production.

 
He says U.S. businesses have already been hurt. He said the country is likely to see a depression of investments in various sub-sectors dependent on import goods.
 
Speaking of the recent decision by Washington to impose an additional 10 percent tariffs on 300 billion U.S. dollars worth of Chinese imports, Mangunyi said it is obvious that the United States is trying to press China to make significant concessions on trade talks between the two countries while refusing to budge itself
 
He added that the trade dispute featuring U.S. flip-flopping would further hurt business and stifle the recovery of the global economy in 2019.