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As President Trump orders American businesses to move production out of China in the wake of Chinese officials hiking tariffs on U.S. goods, the Chamber of Commerce is pleading with the president to surrender in the trade dispute.
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.
News - Trump - Companies - Production - China
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.
Concerns - Trade - Relationship - Countries - Part
“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.”
Share - President - Frustration - Engagement - Way
While we share the President’s frustration, we believe that continued, constructive engagement is the right way forward. Time is of the essence. We do not want to see a further deterioration of US-China relations. We urge the administration and the government of China to...
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