revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.
“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh
ile others have been absorbed by importing firms through lower profit margins,” the research said.
Any further increase in tariffs will likely be passed through to consumers, it said.
China and the US, the world’s two largest economies, have been embroi
led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur
ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.
Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun
termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.
ed “a very positive attitude and great perseverance” in competitions, the association s
aid on Friday. “We are confident that Team China will again try its best to chase their World Cup dream,” it said.
The association also announced that it has set up a preparatory gro
up for the upcoming election of new leadership, which is scheduled for next month.
Chen Xuyuan, chairman of Shanghai International Port (Group) Co, which owns th
e Chinese Super League’s Shanghai SIPG, has been appointed to lead the group.
According to Beijing Youth Daily, Lippi will arrive in Guangzhou, Guangdong province, on Tuesday. His first task will be to
compile a new list of 25 candidates for Team China, which will assemble on June 3 for training. Lippi’s assistants are curr
ently scouting matches in the Chinese Super League and the second-tier China League One.
President’s message calls for tackling legal, security, governance challenges
President Xi Jinping called on Sunday for strengthened cooperation among countries to explo
re opportunities of digital, internet-based intelligent development and to properly address le
gal, security and governance challenges arising from big data industry development.
He made the remarks in a congratulatory letter to the China Internati
onal Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.
The new generation of information technology, represented by the internet, big data an
d artificial intelligence, is booming at present and has significant and profound influence on various cou
ntries’ economic development, social progress and people’s lives, Xi said in the letter.