男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

Tariffs explained on T-shirts

By Dong Leshuo in Washington | chinadaily.com.cn | Updated: 2018-08-09 11:09
Share
Share - WeChat
[Photo provided to chinadaily.com.cn]

Scott Lincicome, an international trade attorney from Texas, is using T-shirts to educate the public about the trade issues between China and the US.

Lincicome, an adjunct scholar at the Cato Institute in Washington, said that he was inspired by a picture of a woman wearing a pro-tariffs T-shirt on Twitter. So he decided to make his own, according to a recent interview with Politico.

The T-shirt he saw on Twitter said something like "Tariffs are great!"

Lincicome's is a bit wordier: "Tariffs Not Only Impose Immense Economic Costs But Also Fail To Achieve Their Primary Policy Aims And Foster Political Dysfunction Along The Way".

"It's time we fought back," Lincicome tweeted when his T-shirts were first released in March.

To clarify how tariffs make the US worse off, he later designed a two-sided version of his shirt with an x-y axis graph on the back that explains a fundamental economic principal:

Tariffs harm social welfare because consumer surplus decreases for raised price more than what some producers and the government gain from tariffs, which creates "dead weight loss".

One and a half months after the release, he tweeted that "over 700 originals sold". The T-shirts sell for $16.99 to $22.49 on Amazon, and the page says any profits (around $3 each) go to FEE.org, a non-profit promoting economics education.

A photo of Republican Senator Orrin Hatch of Utah, one of the first buyers, holding a T-shirt appeared on CBN News in April.

Another customer, teacher Rob Szarka, left a review on Amazon: "It's too early to report on whether wearing it in class has improved my students' understanding of chapter 9 of Mankiw's Principles of Economics, but I believe the bright red color I ordered did help them stay awake at8 am today."

In the interview with Politico, Lincicome said he created the T-shirt to memorialize a trade policy dilemma.

"The protection side has a three-word issue: 'Trade kills jobs'; whereas the other side comes back and says: Actually the composition of jobs changes and we get better jobs, and by that point the audience is falling asleep," he told Politico.

He also pointed out that the T-shirts aren't made in China, but are still made overseas, because he would like the US to focus on jobs with higher value rather than the textile industry.

"We trade guys hate to use the term trade war but I think that at this stage we're still in trade dispute or trade skirmish; we will shift into trade war I think if this big tranche — this $200 billion — ends up getting implemented," said Lincicome, who turned down an interview request from China Daily.

On Tuesday evening, the Trump administration confirmed that an additional 25 percent tariffs on $16 billion Chinese imports will be implemented on Aug 23, hitting $50 billion in total.

In response, China announced it would put the same amount of tariffs on $16 billion in US products including auto and energy products.

Early this month, the Trump administration said the tariff rate on another $200 billion in Chinese imports may rise to 25 percent from the planned 10 percent. A public hearing will be held from Aug 20 to 23 in Washington.

Ying Wang in Washington contributed to the story.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 通化县| 苍溪县| 镇江市| 黑龙江省| 中方县| 武威市| 兴山县| 台江县| 三江| 莲花县| 婺源县| 宜良县| 台中县| 喀什市| 神木县| 台南市| 新竹县| 汕尾市| 上蔡县| 邹平县| 隆德县| 宕昌县| 嘉峪关市| 静宁县| 涟源市| 吉林省| 微博| 西吉县| 平和县| 扎赉特旗| 遵化市| 山阴县| 泾源县| 古田县| 文安县| 长武县| 龙州县| 密山市| 基隆市| 黑河市| 玉门市|