Trade Associations to Petition Trump Administration to Halt China-Tariff Plans

Wall Street Journal ^

[reaganaut1]

WASHINGTON—Forty-five trade associations, representing a wide swath of the U.S. economy, are petitioning the Trump administration to halt plans to levy tariffs on China and to work instead with other nations to press Beijing to end restrictions on foreign firms.

Imposing heavy tariffs, said a letter by the trade groups, “would trigger a chain reaction of negative consequences for the U.S. economy, provoking retaliation; stifling U.S. agriculture, goods, and services exports; and raising costs for businesses and consumers.”

The White House is putting together a package of measures, including tariffs on at least an annual $30 billion of Chinese imports, to pressure Beijing to end requirements that U.S. companies transfer technology to Chinese firms, The Wall Street Journal has reported.

A decision may come this week or the next. While it may be too late for the group to fend off tariffs, it hopes at least to slow down the process. The group wants U.S. industries affected by any tariffs to be able review proposed levies and make comments before they go into effect.

“We request that the administration allow industry experts the opportunity to comment on these issues, including the economic impact of any potential actions,” said the letter, which is dated Sunday.

The group includes trade associations covering the technology, retail, agricultural and consumer-goods industries. It includes household names such as Apple Inc., Alphabet Inc.’s Google, IBM , Nike Inc. and Walmart Inc.

“We focused on tariffs because we know they don’t work,” said Dean Garfield, the chief executive of the Information Technology Industry Council, which organized the letter.

The group’s preferred way of dealing with Beijing is to “work with like-minded partners to address common concerns with China’s trade and investment policies,” the letter said.

[reaganaut1]

Trade wars cost jobs in our export industries and raise costs for consumers and businesses. The letter is here.

[PJBankard]

We are already in a trade war and we are currently losing. This will level the playing field.

[Ingtar]

The Chinese control that many trade associations already?

[Jim Robinson]

Looks like these associations are more concerned about globalist corporate interests than the interests of American citizens and workers.

[JPJones]

“We focused on tariffs because we know they don’t work,” said Dean Garfield, the chief executive of the Information Technology Industry Council, which organized the letter. “

They seem to be working quite well for China.

Idiot.

[JudgemAll]

Horsesht. Increase tariffs decrease income tax on export

What cost jobs is export tax aka income tax

The IrS bureaucracy is the number one job and business killer

[kaehurowing]

This shows you how much China already controls the U.S.

[Mark17]

The Chinese control that many trade associations already?

It would appear as such.

[steel_resolve]

Waiting for tom donahoe to weigh in as the face of the globalist money at any cost (to the American poor and middle class). Are you there tom??

[Louis Foxwell]

China and our so called allies are alreadey carging import ds good being embargoed by every nation on earth. Tarrifs will not make matters worse. They cannot get worse. It will break the logjam of duties on American goods.

[PJBankard]

Precisely.

[mylife]

I have a friend that made a killing in Chinese trade.
He will adjust or count his money and retire.

Life will go on.

[mylife]

Follow the money.

[Alberta's Child]

Put a tariff on steel and you protect the steel industry. The same tariff on steel has negative consequences for any industry that BUYS steel.

[tennmountainman]

Trade Associations = Globalist

[ncalburt]

I love to see a Globalist Never Trump shill whine away .

The Chinese Military industrial complex need useful idiots like help
Strip away what is left of our manufacturing .

The Commies depend on Globalist fools like yourself .

[Moorings]

Horse dung! What were these "trade associations" doing all these years as China blatantly took advantage of US? What were their solutions? How many "joint letters" did they send to past administrations to ask them take care of China's economic and trade shenanigans?

Obviously they did not give a penny's worth of care about the problem until Trump decided to act.

Mr. Trump, please don't listen to these monkeys. They do not care about us.

[fedupjohn]

Unbelievable!

Don't these morons don't understand, the Tariffs are the stick to force negotiations to remove the foreign ones. Geez

[deek69]

Ohh,’now’ the trade industries are worried about workers (i.e. Chinese)

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