1. LINE

      Text:AAAPrint
      Business

      Tariffs explained on T-shirts

      1
      2018-08-09 16:08:49chinadaily.com.cn Editor : Li Yan ECNS App Download
      (Photo provided to chinadaily.com.cn)

      (Photo provided to chinadaily.com.cn)

      Scott Lincicome, an international trade attorney from Texas, is using T-shirts to educate the public about the trade issues between China and the U.S.

      Lincicome, an adjunct scholar at the Cato Institute in Washington, said that he was inspired by a picture of a woman wearing a pro-tariffs T-shirt on Twitter. So he decided to make his own, according to a recent interview with Politico.

      The T-shirt he saw on Twitter said something like "Tariffs are great!"

      Lincicome's is a bit wordier: "Tariffs Not Only Impose Immense Economic Costs But Also Fail To Achieve Their Primary Policy Aims And Foster Political Dysfunction Along The Way".

      "It's time we fought back," Lincicome tweeted when his T-shirts were first released in March.

      To clarify how tariffs make the U.S. worse off, he later designed a two-sided version of his shirt with an x-y axis graph on the back that explains a fundamental economic principal:

      Tariffs harm social welfare because consumer surplus decreases for raised price more than what some producers and the government gain from tariffs, which creates "dead weight loss".

      One and a half months after the release, he tweeted that "over 700 originals sold". The T-shirts sell for $16.99 to $22.49 on Amazon, and the page says any profits (around $3 each) go to FEE.org, a non-profit promoting economics education.

      A photo of Republican Senator Orrin Hatch of Utah, one of the first buyers, holding a T-shirt appeared on CBN News in April.

      Another customer, teacher Rob Szarka, left a review on Amazon: "It's too early to report on whether wearing it in class has improved my students' understanding of chapter 9 of Mankiw's Principles of Economics, but I believe the bright red color I ordered did help them stay awake at8 am today."

      In the interview with Politico, Lincicome said he created the T-shirt to memorialize a trade policy dilemma.

      "The protection side has a three-word issue: 'Trade kills jobs'; whereas the other side comes back and says: Actually the composition of jobs changes and we get better jobs, and by that point the audience is falling asleep," he told Politico.

      He also pointed out that the T-shirts aren't made in China, but are still made overseas, because he would like the U.S. to focus on jobs with higher value rather than the textile industry.

      "We trade guys hate to use the term trade war but I think that at this stage we're still in trade dispute or trade skirmish; we will shift into trade war I think if this big tranche — this $200 billion — ends up getting implemented," said Lincicome, who turned down an interview request from China Daily.

      On Tuesday evening, the Trump administration confirmed that an additional 25 percent tariffs on $16 billion Chinese imports will be implemented on Aug 23, hitting $50 billion in total.

      In response, China announced it would put the same amount of tariffs on $16 billion in U.S. products including auto and energy products.

      Early this month, the Trump administration said the tariff rate on another $200 billion in Chinese imports may rise to 25 percent from the planned 10 percent. A public hearing will be held from Aug 20 to 23 in Washington.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ?1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲人成网站观看在线播放| 亚洲一二成人精品区| a级在线观看免费| 亚洲国产av一区二区三区丶| 四虎永久免费影院在线| 成人一区二区免费视频| 亚洲乱码一二三四五六区| 亚洲精品天堂成人片?V在线播放| 久久久久久AV无码免费网站| 亚洲精品美女网站| 亚洲线精品一区二区三区| 永久免费毛片在线播放| 亚洲阿v天堂在线2017免费| 亚洲网站免费观看| 亚洲色偷偷综合亚洲AV伊人| 黄色免费网站网址| 国产免费区在线观看十分钟| 久久精品国产亚洲AV久| 亚洲人成人网站色www| 日韩电影免费在线| 99久久99久久免费精品小说 | 美女被免费网站在线视频免费 | 亚洲国产精品无码久久青草 | 免费国产黄网站在线观看| 国产精品亚洲片在线花蝴蝶| 一区二区三区亚洲| 国产亚洲精品自在线观看| 在线a毛片免费视频观看| 无码av免费一区二区三区| 男男黄GAY片免费网站WWW| 亚洲乱码在线观看| 4444亚洲国产成人精品| 一本久久a久久精品亚洲| 免费看的黄色大片| 免费中文熟妇在线影片| 免费不卡在线观看AV| a级毛片免费播放| 中文日本免费高清| 思思久久99热免费精品6| 亚洲AV香蕉一区区二区三区| 亚洲伊人久久大香线蕉影院|