According to a research report entitled "the trade impact of US tariffs on China" released by UNCTAD recently, the practice of US tariffs is harming the economy of us and China; the trade war between us and China has led to a sharp decline in bilateral trade volume, resulting in the rise of consumer prices, and a heavy blow to us consumers.


Pamela, director of the international trade division of UNCTAD, said that UNCTAD's study was aimed at issuing a global warning that trade wars not only hurt major competitors, but also global economic stability and future growth.


Based on the analysis of the recently published trade statistics, the report finds that the U.S. tariff increases the cost of its imported goods. These costs are basically passed on to importers and consumers with higher commodity prices. Therefore, the U.S. consumers are suffering a heavy blow from the U.S. tariff on China. US exports lost 25% in the first half of 2019 due to US tariffs on China. Data analysis also found that despite the high tariffs, Chinese enterprises still have strong competitiveness in exports to the United States.

u=1378745766,135487556&fm=26&gp=0.jpg