Toro
Diamond Member
These groups, including the Chamber of Commerce, said that imposition of widespread tariffs against China would be harmful to themselves and the to US economy.
Dozens of U.S. Business Groups Warn Trump Against China Tariffs
Economists have long known that tariffs are bad for the economy. So does American business.
The U.S. Chamber of Commerce and 44 other associations are urging President Donald Trump not to impose sweeping tariffs in response to China’s trade practices, warning the action would “trigger a chain reaction of negative consequences for the U.S. economy.”
The business groups wrote a letter to Trump on Sunday acknowledging “serious concerns” regarding what they described as China’s theft of trade secrets and other practices and policies, but they urged a measured response that avoided tariffs. The groups represent companies such as Apple Inc., Google, and Walmart Inc.
“The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm U.S. companies, workers, farmers, ranchers, consumers, and investors,” the groups said in the letter.
The business groups wrote a letter to Trump on Sunday acknowledging “serious concerns” regarding what they described as China’s theft of trade secrets and other practices and policies, but they urged a measured response that avoided tariffs. The groups represent companies such as Apple Inc., Google, and Walmart Inc.
“The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm U.S. companies, workers, farmers, ranchers, consumers, and investors,” the groups said in the letter.
Dozens of U.S. Business Groups Warn Trump Against China Tariffs
Economists have long known that tariffs are bad for the economy. So does American business.