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Business group calls on Biden to resume trade negotiations with China

Washington — Nearly 30 of the country’s most influential business groups, representing retailers, chip makers, farmers and others, are calling on the Biden administration to resume and reduce negotiations with China. Tariffs on imported goods, They say it’s a stumbling block to the US economy.

Tariffs on electronic devices, apparel and other Chinese products paid by US importers have been partially maintained to ensure that China fulfills its obligations under the 2020 Phase 1 Trade Agreement with the United States.

In a Thursday letter to US Trade Representative Katherine Tai and Treasury Secretary Janet Yellen, the business group agreed that Beijing would open the market to US financial institutions and reduce regulatory barriers to US agricultural exports. To China, which claims to meet its “important benchmarks and commitments”.

“The worker-centric trade agenda should explain the costs that US and Chinese tariffs impose on Americans here and in the country, and remove tariffs that harm US interests,” the letter said. He mentioned the government’s policy of prioritizing.

US Trade Representatives and Treasury spokesmen did not immediately respond to requests for comment.

Business group calls on Biden to resume trade negotiations with China

Source link Business group calls on Biden to resume trade negotiations with China

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