U.S. business groups call on President Biden to restart trade talks with China - WSJ
06/08/2021 02:39
Aug 5 (Reuters) - Nearly three dozen of the United States'
most influential business group have asked President Joe Biden's
administration to restart trade talks with China and cut tariffs
on imports, the Wall Street Journal reported https://www.wsj.com/articles/business-groups-call-on-biden-to-restart-trade-talks-with-china-11628212436?mod=latest_headlines
on Thursday.
The tariffs on Chinese products paid by U.S. importers were
imposed to ensure that Beijing fulfills its obligations under
its 2020 Phase One trade pact with the United States.
In a letter to U.S. Trade Representative Katherine Tai and
Treasury Secretary Janet Yellen on Thursday, the business groups
said that China had met "important benchmarks and commitments"
in the agreement, the report added, including opening markets to
U.S. financial institutions and reducing some regulatory
barriers to U.S. agricultural exports to China.
"A worker-centered trade agenda should account for the costs
that U.S. and Chinese tariffs impose on Americans here and at
home and remove tariffs that harm U.S. interests," the report
quoted the letter as saying.
(Reporting by Akriti Sharma in Bengaluru; Editing by Jacqueline
Wong)
((Akriti.Sharma@thomsonreuters.com;))