Hundreds of Companies Tell Trump to End the Trade War

Clay Curtis
June 14, 2019

United States President Donald Trump sat down for a talk with Apple CEO Tim Cook on Thursday to discuss global trade and other topics as the President mulls over making good his tariff hike threats on goods from China.

"We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the USA economy", the letter said. "Tariffs are taxes paid directly by US companies, including those listed below - not China".

The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from Beijing. Prices on many goods imported from China, including vacuum cleaners, are likely to rise as President Trump enacted new tariffs on $200 billion worth of Chinese products. Such tariffs would also affect domestic manufacturers - considering that many materials necessary for production are sourced through China and unavailable in the USA - as well as footwear jobs, with a number of member companies already making attempts to relocate their supply chains outside of China.

In fact, Mr Trump has already tweeted that if Mexico does not deliver concrete results in controlling the migrant flow from Central America, the White House would not hesitate to renew its threat to impose tariffs on its neighbour with which it has just concluded an agreement on a revised North American free trade accord that includes also Canada.

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Other Iranian small boats have remained near the stricken oil tanker since the attack early Thursday, the official added. No country or non-state actor has claimed responsibility for those attacks either.

"We remain concerned about the escalation of tit-for-tat tariffs", the letter reads. The White House didn't immediately respond to a request for comment.

The president has repeatedly threatened to raise tariffs if Chinese President Xi Jinping doesn't meet with him at the Group of 20 leaders' meeting June 28-29 in Osaka, Japan. "Tariffs are taxes paid directly by USA companies ... not China", they said.

"An escalated trade war is not in the country's best interest, and both sides will lose", the most recent letter ended.

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