05:43 GMT +319 November 2018
Listen Live
    Supermercado

    US Tariffs 'Certainly Going to Make Life Difficult' for Americans - Scholar

    CC0 / Pixabay
    Opinion
    Get short URL
    141

    The Chinese government has announced that a delegation will meet with US trade representatives later this month. Could this help de-escalate the ongoing trade war, which threatens to decimate the global economy?

    Sputnik spoke with Dr Biswajit Dhar, Trade Deal Expert, for more insight on the issue.

    Sputnik: Will the upcoming talks convince the US to back down from its trade tariffs?

    Dr Biswajit Dhar: I don’t think so as too much negative rhetoric has been exchanged and it’s very difficult for either side to back down from where they have gone until now.

    Sputnik: Will the tariffs have any negative effect domestically on the US economy?

    Dr Biswajit Dhar: The US is an import dependent economy and survives on imports coming in from the rest of the world.

    Imposing such high tariffs from a major supplier is certainly going to make life difficult for American citizens and companies, who will face major challenges in meeting competition.

    Views and opinions expressed in this article are those of Dr Biswajit Dhar and do not necessarily reflect those of Sputnik.

     

    Related:

    Beijing May Weaponize Its 'Invisible Tool' in Trade War With US - Think Tank
    Great Power Embarks on Trade War Without Wisdom
    Trade War: Risks for German Economy Remain High Despite Growth - Ministry
    Cast Away: US Shipment of Soybeans Finally Arrives in China, Trade War to Blame
    Trump's Trade War 'Destroys Economic Growth' – Berlin
    Tags:
    impact, economy, difficulties, citizens, tariffs, Dr Biswajit Dhar, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik