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Qingdao International Nonferrous Metals Trading Center, asphalt, copper, aluminum nickel, Qingguo Bank, ICBC custody, phone QQ: recruitment of members, agents, account opening, investment, high rebate Qingdao International Platform Information: According to a recent report from the US White House, if If Congress fails to pass a strategy, the United States risks losing millions of jobs.
A research report released by the White House Council of Economic Advisers on Thursday pointed out that once the Regional Comprehensive Economic Partnership Agreement (R) promoted by China and other countries is implemented, tariffs on Chinese goods entering Japan will be reduced by five to one percentage point. If it is left alone, American goods entering Japan will have to face tariffs that are twice as high as Chinese goods.
A research report released by the White House Council of Economic Advisers on Thursday pointed out that once the Regional Comprehensive Economic Partnership Agreement (R) promoted by China and other countries is implemented, tariffs on Chinese goods entering Japan will be reduced by five to one percentage point. If it is left alone, American goods entering Japan will have to face tariffs that are twice as high as Chinese goods.
The report estimates that in the Japanese market alone, exports worth US$100 million in US exports may be at risk, and as many as 10,000 workers may be affected.
Chairman of the Council of Economic Advisers Furman said: If it is blocked and R is implemented, American business will likely lose its competitive position.
The report also said that other countries will not wait indefinitely for U.S. approval. On the contrary, they have made it clear that they will promote trade agreement negotiations that do not include the United States.
A research report released by the White House Council of Economic Advisers on Thursday pointed out that once the Regional Comprehensive Economic Partnership Agreement (R) promoted by China and other countries is implemented, tariffs on Chinese goods entering Japan will be reduced by five to one percentage point. If it is left alone, American goods entering Japan will have to face tariffs that are twice as high as Chinese goods.
The negotiations were announced by the leaders of ASEAN and China, Australia, India, Japan and South Korea in March 2019. Upon completion, it is expected to become the free trade area with the largest population, the widest region, the most diverse members and the most dynamic development in the world. .
Since seven countries are both members and members of R, if it fails and R is reached and takes effect, the United States will face losses due to trade diversion.
After more than five years of negotiations, the United States, Japan, Australia, Canada, Mexico, Vietnam, Malaysia and other countries reached an agreement last month, but formal implementation still needs to wait for each country to complete domestic approval. The U.S. Congress has yet to approve it.
U.S. Trade Representative Froman said that the U.S. government will try to pass the agreement during the final session of Congress after the presidential election on Sunday and before the new president takes office.
A research report released by the White House Council of Economic Advisers on Thursday pointed out that once the Regional Comprehensive Economic Partnership Agreement (R) promoted by China and other countries is implemented, tariffs on Chinese goods entering Japan will be reduced by five to one percentage point. If it is left alone, American goods entering Japan will have to face tariffs that are twice as high as Chinese goods.
Previous reports showed that as the two presidential candidates, both Hillary and Trump have opposing attitudes towards the strategy, with Trump's attitude being more pointed.
Although Obama has previously expressed support for the implementation of this strategy, he has received very little support in Congress.
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