2018年CRI 美国此次增税将会殃及本国企业

（单词翻译）

US tariffs¹ on 34 billion U.S. dollars' worth of Chinese imports took effect last Friday, targeting products from sectors³ such as aerospace⁴, auto⁵ parts and medical equipment.

Chinese authorities immediately brought in retaliatory⁶ tariffs on US products amounting to 34 billion US dollars as well.

Ralph Ives, the executive vice-President of Global Strategy and Analysis with the Advanced Medical Technology Association based in the United States.

He says the tariffs are likely to result in a lot of pain at home.

"Importing the components⁷ is going to be a cost pressure, and there's going to be pressures in terms of our (American) manufacturers because their costs are going to increase and they're not going to be reimbursed⁸ for those additional costs."

Mary Lovely, researcher at the Washington-DC-based Peterson Institute for International Economics, says her research is suggesting multinationals⁹ are more likely to pay the price.

"Instead we find that it is American, European, and Japanese multinationals that are operating in China and selling back to the United States (the goods) that the tariffs are placed on. (Those) goods are then further processed into goods that are sold inside the American market or exported by American-based companies."

Chad Bown, another senior researcher with Peterson Institute for International Economics, says products from multinationals operating in China actually account for a greater proportion of Chinese imports, especially in sectors such as computer and electronic products.

"87% of the U.S. imports are not coming in from Chinese companies. They are coming in from American, Japanese, (South) Korean, European, lots of multinationals, but they're not Chinese. So that's why it's strange to input¹⁰ taxes. The U.S. tariffs are hitting mostly non-Chinese firms, the subsidiaries of American companies and companies of allies."

In the wake of the new tariffs, US companies affected¹¹ by additional charges now face the option of either paying more to export their products to China or try to redirect their inventories¹² to other countries.

However, Ralph Ives with the Advanced Medical Technology Association notes that changing to another country could end up costing US companies more in the long-run.

"It's not as easy as just saying 'Oh, I was getting this product from China, I think tomorrow I'll go to Malaysia.' It's because, for two reasons, one is that they have to find that supplier and they have to make sure that is a reliable supplier, and then they have to go to the U.S. FDA (Food and Drug Administration) and make sure that the product is consistent with the product that they have approval on the U.S. market. And those all take time, particularly for smaller manufacturers."

Ives notes negotiations¹³ are underway between the US medical equipment sector² and Chinese authorities to determine whether companies involved in the medical industry might be exempt¹⁴ from the current trade fight.

For CRI, I'm Xie Cheng.