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And imports will be more expensive.
But those hoping for a rebalancing of the economy away from consumption and imports will be disappointed.
C. Fred Bergsten, the director of the Institute for International Economics, and other Washington cognoscenti want this intervention so that the U.S.' goods will be more affordable abroad and imports will be more expensive.
Exports and imports will be impacted.
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"US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted.
U.S. auto and iPhone sales in China will suffer a setback, and U.S. soybean and maize imports will be halted.
US auto and [Apple] iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted," the newspaper warned.
That includes cigars, although alcohol and tobacco imports will be capped at a combined $100.
The role of imports in meeting increased demands, and the financing of imports, will be an important component of policies developed to meet these challenges.
Recycled materials and small importers, such as dentists and jewellers, accounting for 5% of imports, will be exempted, so as not to impose unreasonable bureaucratic burdens.
But by 2005, the quotas that limit competition from imports will be abolished, and tariffs are scheduled to slide steadily from as high as 100percentt now to just 25percentt.
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and scientists will be
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