The Limited Times

Strong US trade policy, long-term benefits offset short-term costs = Secretary of Commerce

10/15/2019, 9:50:30 PM


[Washington 15th Reuters]-US Secretary of Commerce Ross said on the 15th that the Trump administration's strong trade policy would be offset by the long-term benefits that the US economy would enjoy, despite short-term costs Indicated. Secretary Ross

[Washington 15th Reuters]-US Secretary of Commerce Ross said on the 15th that the Trump administration's strong trade policy would be offset by the long-term benefits that the US economy would enjoy, despite short-term costs Indicated.

Secretary Ross said the tariffs imposed by the United States had taken the Chinese government to negotiate, leading to a basic agreement that the two countries reached in trade talks last weekend. He also pointed out that many companies have accelerated the shift of production bases outside of China through tariffs on China.

“The Trump administration is more focused on trade issues than any previous administration. These policy shifts incur short-term costs, but they are larger and have long-term benefits. I will do it. "