A coalition of influential U.S. business groups are calling on the Biden administration to resume trade talks with China and drop tariffs on Chinese imports
WASHINGTON—Nearly three dozen of the nation’s most influential business groups—representing retailers, chip makers, farmers and others —are calling on the Biden administration to restart negotiations with China and cut tariffs on imports, saying they are a drag on the U.S. economy.
The tariffs on electronics, apparel and other Chinese goods, which are paid by U.S. importers, were kept in place in part to ensure that China fulfills its obligations under its 2020 Phase One trade pact with the U.S. In a Thursday letter to U.S. Trade Representative Katherine Tai and Treasury Secretary Janet Yellen, the business groups contend that Beijing had met “important benchmarks and commitments” in the agreement, including opening markets to U.S. financial institutions and reducing some regulatory barriers to U.S. agricultural exports to China.
“A worker-centered trade agenda should account for the costs that U.S. and Chinese tariffs impose on Americans here and at home and remove tariffs that harm U.S. interests,” the letter said, referring to the administration’s policy to make worker interests a priority. Spokesmen for the U.S. trade representative’s office and Treasury didn’t immediately respond to requests for comments.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Edges Toward High-Level China EngagementThe White House’s gradual approach with China has been aimed at boosting the U.S.’s position before fully engaging with Beijing. But as WSJ’s Gerald F. Seib exp
Read more »
Help or 'get out of the way,' Biden says to governors on combatting pandemicPres. Biden: 'If some governors aren't willing to do the right thing to beat this pandemic, then they should allow businesses and universities who want to do the right thing to be able to do it.' 'If you aren't going to help, at least get out of the way.'
Read more »
Nina Turner Learns the Hard Way That Democrats Like Joe BidenThe lefty hopeful blew a race for Congress when it turned into a referendum on her disdain for party leaders.
Read more »
Marking El Paso anniversary, Biden reaches out to Latino leadersPresident Biden meets with Latino leaders on the second anniversary of the El Paso shooting as Democrats try to shore up support among Latino voters.
Read more »
Biden dispatches Yellen to pitch big spending in battleground GeorgiaThe Treasury chief’s trip came as Democrats in competitive districts sounded the alarm that the party’s messaging around the economy was weak.
Read more »