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US: U.S. tariffs projected to cause global economic slowdown: NCUSCR president

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⁠⁠⁠⁠⁠⁠⁠The United States' new tariff policy is unlikely to create many jobs for American workers, but will cause economic slowdown in the country and even the world at large, said Stephen Orlins, president of the National Committee on U.S.-China Relations (NCUSCR) on Sunday. U.S. President Donald Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs", imposing a 10-percent "minimum baseline tariff" on all trading partners and higher rates on certain countries and products. The order took effect Saturday, leaving all imports to the U.S. subject to 10-percent additional tariffs, except as otherwise provided. Trump will also impose an "individualized reciprocal higher tariff" on the countries and regions with which the United States "has the largest trade deficits", according to a White House document. This will take effect on April 9. In an exclusive interview with China Central Television (CCTV), Orlins noted that even if Trump's plan to reinvigorate manufacturing through tariffs is feasible, it still may not be successful in boosting employment because modern factories have become largely automated. "They're going to create some jobs, but it's not going to be a huge number because most of these factories have become automated. I went to a factory the size of a football field and there were probably 10 workers in the whole factory, and the robots would be at the end of the production line," said Orlins. The committee president said the U.S. tariff policy has brought a lot of uncertainties, and the market remains concerned that the imposition of tariffs could lead to a slowdown in the global economy. "It's a time of change. It's a time, as the markets reflect, of some dislocation. We don't know what the effect on the world economy is going to be. It's all projections. It's going to be in a matter of months that we see what would happen. So, the markets are predicting this is going to lead to slowdown globally and slowdown in the United States," he said. SHOTLIST: FILE: Washington D.C., USA - October 2024 1. Various of White House; 2. Various of U.S. Department of Commerce; New York City, USA - April 6, 2025 3. SOUNDBITE (English) Stephen Orlins, president, National Committee on U.S.-China Relations (partially overlaid with shot 4): "They're going to create some jobs, but it's not going to be a huge number because most of these factories have become automated. I went to a factory the size of a football field and there were probably 10 workers in the whole factory, and the robots would be at the end of the production line."; Racine, Wisconsin State, USA - December 2019 [SHOTS OVERLAYING SOUNDBITE] 4. Various of workers in farming equipment factory; [SHOTS OVERLAYING SOUNDBITE] FILE: New York City, USA - October 2024 5. Various of buildings, traffic; New York City, USA - April 6, 2025 6. SOUNDBITE (English) Stephen Orlins, president, National Committee on U.S.-China Relations (starting with shot 5/ending with shot 7): "It's a time of change. It's a time, as the markets reflect, of some dislocation. We don't know what the effect on the world economy is going to be. It's all projections. It's going to be in a matter of months that we see what would happen. So, the markets are predicting this is going to lead to slowdown globally and slowdown in the United States."; FILE: New York City, USA - October 2024 7. Various of port scene, Statue of Liberty. [Restrictions: No access Chinese mainland]

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