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revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.
“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh
ile others have been absorbed by importing firms through lower profit margins,” the research said.
Any further increase in tariffs will likely be passed through to consumers, it said.
China and the US, the world’s two largest economies, have been embroi
led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur
ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.
Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun
termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.
arrived in Japan for a state visit that will make him the first world leader to meet the country’s new emperor.
Trump and first lady Melania Trump arrived Saturday aboard Air Force One after a 14-hour journey. The president was h
eading to a dinner with business leaders at the US Ambassador’s residence in Tokyo after a brief airport welcome.
The visit is part of a continuing charm offensive by Japanese Prime Minister Shinzo
Abe that analysts say has spared Japan from far more debilitating retaliatory action by Trump.
The president has refused to lift the threat of slapping potentially devastating US
tariffs on imports of Japanese autos and auto parts on national security grounds.
US tariffs against Japanese aluminum and steel remain.
ed “a very positive attitude and great perseverance” in competitions, the association s
aid on Friday. “We are confident that Team China will again try its best to chase their World Cup dream,” it said.
The association also announced that it has set up a preparatory gro
up for the upcoming election of new leadership, which is scheduled for next month.
Chen Xuyuan, chairman of Shanghai International Port (Group) Co, which owns th
e Chinese Super League’s Shanghai SIPG, has been appointed to lead the group.
According to Beijing Youth Daily, Lippi will arrive in Guangzhou, Guangdong province, on Tuesday. His first task will be to
compile a new list of 25 candidates for Team China, which will assemble on June 3 for training. Lippi’s assistants are curr
ently scouting matches in the Chinese Super League and the second-tier China League One.
fever outbreaks, affecting all 31 provinces, municipalities and autonomous regions on the mainland, since the country’s first reported outb
reak in Shenyang, Liaoning province, in August, according to the Ministry of Agriculture and Rural Affairs.
This resulted in more than 1 million pigs being slaughtered to prevent and control the disease, which is deadly to pigs but does no
t affect people. The ministry has called for intensified research and development to expedite the availability of v
accines for disease prevention and control, but admitted difficulties due to the complex nature of the virus.
China is the world’s largest producer and consumer of pork, with an a
nnual production of 700 million pigs. Pork accounts for 62 percent of meat con
sumption in China, and sustained outbreaks of African swine fever will cause devastating consequences to the pi
g industry and endanger China’s food security, the Chinese Academy of Agricultural Sciences said.
months of 2019, up 6.4 percent year-on-year, according to data released by the National Bureau of Statistics.
Xinjiang is the last province to release its local GDP figures. During the
first quarter, Xinjiang’s GDP reached 217.77 billion yuan, up 5.3 percent year-on-year.
In terms of GDP growth rate, a total of 17 regions saw their GDP numbers exceed the “nation
al line” of 6.4 percent. Among them five came from the eastern region and six each from central and western areas.
All the top three came from China’s western area. Yunnan province posted the fastest
growth rate of 9.7 percent year-on-year, followed by Guizhou (9.2 percent) and Tibet (9.1 percent).
The bottom three are Jilin province, Tianjin municipality and Heilongjiang pro
vince, Jilin province, with a growth rate of 2.4 percent, was the weakest performer.