U.S. businesses oppose tariff hikes, stress China's irreplaceable role in supply chain

Wednesday, 19 Jun, 2019

"That's absolutely vital", he said.

Ross said they'll have a deal eventually, but he emphasized that President Trump will put more tariffs on China if the talks continue to stall. He added that officials from each side will begin talks prior to the meeting between the two heads of state.

Early in Tuesday's session, President Trump announced via Twitter that he and Chinese President Xi Jinping would meet next week at the G-20 Summit in Osaka Japan.

Jean Kolloff, owner of cashmere importer Quinn Apparel, said her reason for opposing the tariffs was more geographical - the Alashan goat that produces light-colored cashmere wool is only found in China's Inner Mongolia region.

Last week more than 600 companies and trade associations including Walmart, Coston, Target, Gap, Levi Strauss, and Footlocker have written to Washington, urging to move the levies on China and end the ongoing Trade War. If the U.S.is ready to have equal consultations, our door is wide open.

Many American companies and organizations voiced opposition Monday to President Donald Trump's proposed tariffs of up to 25 percent on an additional $300 billion of Chinese products.

During his interview on "America's Newsroom", Kudlow said he couldn't "walk through everything" during the president's call with Xi.

On their call, the two men discussed 'the importance of leveling the playing field for USA farmers, workers, and businesses through a fair and reciprocal economic relationship, ' according to a White House readout of the conversation. In light of that, China has stated that a trade deal will be impossible if Washington does not cancel all current tariffs.

'It's really hard to say and I don't want to speculate.

At what point do the tariffs on China and/or Chinese retaliatory tariffs impact real Americans?

"I don't know if it will get them to stop cheating, tariffs alone", he said. "We gotta change non-reciprocal trading practices".

"The key is to show consideration to each other's legitimate concerns", Xi said. It's just one example of the number of American corporations have structured supply chains that traverse the globe and why Trump's protectionist trade policies will not operate to revert manufacturing back to the United States.

Washington has already imposed 25 percent tariffs on $250bn of Chinese goods that are imported to the U.S., ranging from semi-conductors to furniture.

"So, I think this is well worth it, Kudlow summarized". During their telephonic conversation, the two leaders discussed the importance of levelling the playing field for United States farmers, workers, and businesses through a fair and reciprocal economic relationship, the U.S. side said. So, let's stay the course.

"Seven days, 321 witnesses, 300 billion dollars' worth of goods, and a waste of everyone's time", Riley Waters, policy analyst for Asia Economy and Technology in The Heritage Foundation's Asian Studies Center, tweeted. We're in good shape.