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(单词翻译:双击或拖选)
US tariffs1 on 34 billion U.S. dollars' worth of Chinese imports took effect last Friday, targeting products from sectors3 such as aerospace4, auto5 parts and medical equipment.
Chinese authorities immediately brought in retaliatory6 tariffs on US products amounting to 34 billion US dollars as well.
Ralph Ives, the executive vice-President of Global Strategy and Analysis with the Advanced Medical Technology Association based in the United States.
He says the tariffs are likely to result in a lot of pain at home.
"Importing the components7 is going to be a cost pressure, and there's going to be pressures in terms of our (American) manufacturers because their costs are going to increase and they're not going to be reimbursed8 for those additional costs."
Mary Lovely, researcher at the Washington-DC-based Peterson Institute for International Economics, says her research is suggesting multinationals9 are more likely to pay the price.
"Instead we find that it is American, European, and Japanese multinationals that are operating in China and selling back to the United States (the goods) that the tariffs are placed on. (Those) goods are then further processed into goods that are sold inside the American market or exported by American-based companies."
Chad Bown, another senior researcher with Peterson Institute for International Economics, says products from multinationals operating in China actually account for a greater proportion of Chinese imports, especially in sectors such as computer and electronic products.
"87% of the U.S. imports are not coming in from Chinese companies. They are coming in from American, Japanese, (South) Korean, European, lots of multinationals, but they're not Chinese. So that's why it's strange to input10 taxes. The U.S. tariffs are hitting mostly non-Chinese firms, the subsidiaries of American companies and companies of allies."
In the wake of the new tariffs, US companies affected11 by additional charges now face the option of either paying more to export their products to China or try to redirect their inventories12 to other countries.
However, Ralph Ives with the Advanced Medical Technology Association notes that changing to another country could end up costing US companies more in the long-run.
"It's not as easy as just saying 'Oh, I was getting this product from China, I think tomorrow I'll go to Malaysia.' It's because, for two reasons, one is that they have to find that supplier and they have to make sure that is a reliable supplier, and then they have to go to the U.S. FDA (Food and Drug Administration) and make sure that the product is consistent with the product that they have approval on the U.S. market. And those all take time, particularly for smaller manufacturers."
Ives notes negotiations13 are underway between the US medical equipment sector2 and Chinese authorities to determine whether companies involved in the medical industry might be exempt14 from the current trade fight.
For CRI, I'm Xie Cheng.
1 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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2 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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3 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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4 aerospace | |
adj.航空的,宇宙航行的 | |
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5 auto | |
n.(=automobile)(口语)汽车 | |
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6 retaliatory | |
adj.报复的 | |
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7 components | |
(机器、设备等的)构成要素,零件,成分; 成分( component的名词复数 ); [物理化学]组分; [数学]分量; (混合物的)组成部分 | |
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8 reimbursed | |
v.偿还,付还( reimburse的过去式和过去分词 ) | |
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9 multinationals | |
跨国公司( multinational的名词复数 ) | |
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10 input | |
n.输入(物);投入;vt.把(数据等)输入计算机 | |
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11 affected | |
adj.不自然的,假装的 | |
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12 inventories | |
n.总结( inventory的名词复数 );细账;存货清单(或财产目录)的编制 | |
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13 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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14 exempt | |
adj.免除的;v.使免除;n.免税者,被免除义务者 | |
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