Retailers make the case against tariffs

President Trump Fights On for American Workers

The agency said it anticipates that it will receive some 4,500 requests from USA businesses seeking exclusions for imported steel and aluminum products that are not available in sufficient quantity or quality from US manufacturers. "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 petitioners, who collectively generate $1.5 trillion in annual sales, said in a letter addressed to President Donald Trump.

A coalition of industry groups from across the USA economy have written to President Donald Trump urging him not to slap new tariffs on China.

Peter Navarro, a senior White House advisor on trade, said Thursday that the president would soon consider fresh punitive measures against Beijing over its "theft" of U.S. intellectual property.

The groups called on Trump to work with trade allies to push for changes to China's policies.

"We urge the administration to take measured, commercially meaningful actions consistent with worldwide obligations that benefit U.S. exporters, importers, and investors, rather than penalize the American consumer and jeopardize recent gains in American competitiveness", the trade groups said in their letter.

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The business groups arguing against further sanctions include the U.S. Chamber of Commerce, several tech groups and trade associations that represent retailers, agriculture, telecommunications, clothing and the auto parts industry, among others.

Chinese Foreign Ministry spokesperson Lu Kang said that if Sino-US trade is only beneficial to China, trade and economic ties between the two countries could not have lasted this long.

The business groups said while they had serious concerns about China's approach to trade, unilateral tariffs by the U.S. would only separate the country from allies, and encourage them to replace the United States business presence in China when Beijing retaliates.

Trump has announced he would impose tariffs of 25 percent on steel and 10 percent on aluminum, with some exclusions and exceptions, to curb cheap imports from China and other countries.

A confrontational approach, warns Rick Helfenbein, president and CEO of AAFA, could result in retaliatory tariffs by China that target American businesses.

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