More than 600 US companies urge Trump to resolve trade dispute with China
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.
This letter is the latest of many sent to the Trump administration by Tariffs Hurt the Heartland, the national campaign against tariffs supported by more than 150 trade groups representing agriculture, manufacturing, retail and tech industries.
But it is significant as U.S.-China trade tensions escalate and comes before a possible meeting between Trump and Chinese President Xi Jinping at the June 28-29 G20 summit in Osaka, Japan. Trump has said he wants to meet Xi there and will decide on whether to extend tariffs to almost all Chinese imports after that.
With less than three weeks to go before talks between Chinese and U.S. leaders, expectations for progress toward ending the trade war are low. Sources have told Reuters there has been little preparation for a meeting even as the health of the world economy is at stake.
https://www.msn.com/en-us/money/companies/more-than-600-us-companies-urge-trump-to-resolve-trade-dispute-with-china/ar-AACQbrX?li=BBnbfcN
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