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The trade fight between the United States and China increased Monday as the two economic superpowers...
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The trade fight between the United States and China increased Monday as the two economic superpowers hit each other with their biggest round of tariffs ( 关 税 ) yet. The Trump administration added new 10% tariffs on $200 billion of Chinese goods just after midnight ET (noon in Beijing), coveringing thousands of products, including food seasonings, baseball gloves, network routers and industrial machinery parts. China fired back immediately with new taxes of 5% to 10% on $60 billion of US goods such as meat, chemicals, clothes and auto parts. The moves lead to the growing conflict between the world’s top two economies.
“We are squarely in the midst of the ‘it’ll get worse before it gets better’ phase,” Aninda Mitra, senior analyst at BNY Mellon Investment Management, said in a note after the latest tariffs were announced last week.President Donald Trump’s waves of new tariffs on China now apply to over $250 billion of Chinese goods, roughly half the amount the country sells to the United States. The latest round affects thousands of products bought by US consumers, including hundreds of millions of dollars of furniture and electronics imports (电子进口). The US tariffs added earlier in the year mostly hit industrial goods.
The measures are meant to punish China for what the Trump administration says are unfair trade practices, such as intellectual property (知识产权) theft.
Beijing has rejected ( 拒 绝 ) the US assertions ( 断 言 ), accusing the United States of protectionism and bullying. It has fired back with tariffs on American goods worth more than $110 billion.
The Trump administration has made “false accusations” and sought to “add its own interests on China through great pressure,” the Chinese government said in a lengthy white paper published Monday about the two countries’ trade relationship, according to state news agency Xinhua. Unbelievably, The latest round of US tariffs is set to increase at the end of the year from 10% to 25%. China hasn’t yet spelled out how it will respond to that.
Trump has also threatened ( 威胁) tariffs on another $267 billion of Chinese products. That would mean the US measures effectively cover all China's annual goods exports ( 出 口 ) to the United States (the total for 2017 was about $506 billion).
China, which imports a far smaller amount from the United States, is running out of new products to target, but analysts say it still has other options to fire back. They include charging even higher tariffs, adding import quotas, limiting Chinese citizens’ travel to the United States for study and tourism, and reducing taxes for companies affected by the tariffs.
1.We can infer from the first two paragraphs that __________.
A. the Trump administration added new 10% tariffs on $200 billion of Chinese goods
B. China fired back taxes of 10% on US goods in total
C. Chinese goods sold to America amounts to about $500 billion
D. the latest round affects thousands of products bought by US consumers, mostly including industrial goods
2.According to what The Trump administration says, the measures are meant to punish China because of _________.
A. protectionism B. bullying
C. intellectual property theft D. furniture
3.Chinese government will take some measures against America in trade fight EXCEPT _______ .
A. threaten tariffs on another $267 billion of Chinese products
B. charge even higher tariffs
C. limit Chinese citizens’ travel to the United States
D. increase taxes for companies affected by the tariff
4.Where is the passage most likely to be from?
A. A news report. B. A book review.
C. A lesson plan. D. An advertisement.
5.What’s the author’s attitude towards the policy of tariffs ?
A. subjective. B. objective.
C. negative. D. supportive.
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