Large retailers urge Trump against China tariffs

Lucy Bush
March 20, 2018

Reuters first reported on the US$60 billion in tariffs last week.

If implemented, the tariff package could draw retaliation from China, further fraying the trade partnership between two of the world's largest economies.

Wal-Mart is among 25 USA retailers who have signed the letter that was sent to the White House, Monday.

The administration is also considering clamping down on Chinese investments in the U.S. and imposing tariffs on a broad range of its imports to punish Beijing for alleged theft of intellectual property, according to people familiar with the matter. "We must do right by American families while also addressing harmful technology practices".

"Yet were this investigation to result in a broadly applied tariff remedy on imports from China, it would hurt American households with higher prices and exacerbate a USA tariff system that is already stacked against working families", the letter said.

Diplomatic standoff fallout: Pak pulls out of WTO meet
Indian officials privately said that life had become "very difficult" for diplomats at the Indian High Commission in Islamabad . The Express Tribune reported that primarily it was thought he would return to India following consultations with authorities.

On Monday, Walmart, Ikea, Target and nine other large retail brands in the US signed a petition to urge the Trump administration to halt the anti-China tariff plan.

"We urge the administration not to impose tariffs and to work with the business community to find an effective, but measured, solution to China's protectionist trade policies and practices that protects American jobs and competitiveness", the groups wrote.

Trade associations publicly pushing back against Trump's tariff plans include the US Chamber of Commerce, the National Retail Federation and the Information Technology Industry Council.

But the groups say they worry that imposing additional tariffs on China are isn't the best way to respond.

The letter says that the groups agree that the administration is right to consider acting against China to protect United States intellectual property.

Dog Dies After Attendant Forces Passenger to Put Carrier In Overhead Bin
They paid $200 to bring the dog on and were able to fit the bag under their seat on their outbound flight. Passenger Maggie Gremminger posted a photo on Twitter of the dog's owner and children after the flight.

"I'm glad they think it's a big problem, because we've been saying this for years", Robert Atkinson, president of the ITIF, said of USTR's focus on China's alleged disregard for U.S. IP.

The RILA letter underscores the lack of broad support Trump has for his planned China tariffs, that would likely see the cost of many popular items bought across America, rise.

"Imposition of unilateral tariffs by the administration would only serve to split the United States from its allies, hinder joint action to effectively address shared challenges", said the letter.

Potentially broader anti-China tariffs and investment restrictions under consideration as part of a USA intellectual property probe have raised concerns that retaliation could seriously diminish global trade and choke off the strongest global growth since the G20 was formed during the 2008 financial crisis.

Nidahas Trophy: India restricts Sri Lanka to 152/9 in 19 overs
Kusal Mendis continued his good form and did not spare a single Indian bowler while Tharanga preferred to play the second fiddle. After a poor run with the bat in the first two games, today was no different for Rohit Sharma.

Other reports by Info About Network

Discuss This Article

FOLLOW OUR NEWSPAPER