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Chamber of Commerce Begs Trump to Surrender to China in Trade War

posted onAugust 24, 2019
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Article snippet: On Friday, Chinese officials announced that they would be retaliating against the U.S. by imposing five to ten percent tariffs on $75 billion worth of American goods — a response to Trump imposing new tariffs on $300 billion worth of Chinese products in September and December. After the news, Trump demanded American companies to move their production out of China and bring their manufacturing home to the U.S., writing on Twitter: Executives at the Chamber of Commerce, stalwart defenders of free trade at all costs, are now asking Trump to end the trade war with China and return to standard negotiations, calling U.S.-China free trade “for the most part productive, constructive, and mutually beneficial,” despite having cost Americans at least 3.4 million jobs across all 50 states. “Despite our concerns, the 40-year old trade relationship between our two countries has been for the most part productive, constructive, and mutually beneficial,” Chamber of Commerce Executive Vice President Myron Brilliant said in a statement. “U.S. companies have been ambassadors for positive changes to the Chinese economy that continue to benefit both our people.” Brilliant continued: Brilliant said “nobody wins a trade war” and thus the “tit-for-tat escalation between the U.S. and China” should be ended. Earlier this year, the Chamber of Commerce lobbied members of Congress to tank a plan that would have allowed the U.S. to impose reciprocal tariffs on imported products. The law would ... Link to the full article to read more

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