Wal-Mart and more than 600 other companies sent letters to Trump to settle economic and trade disputes between the United States and China

category:Finance
 Wal-Mart and more than 600 other companies sent letters to Trump to settle economic and trade disputes between the United States and China


In recent days, 150 U.S. industry organizations representing agricultural, manufacturing, retail and technology enterprises have formed a nationwide lobbying campaign called Tariff Injury Centers. This letter from more than 600 companies is also part of this campaign.

A hearing on tariff increases on 300 billion Chinese imports to the United States will begin next week. According to professional advisory bodies, if the increase is implemented, more than 2 million jobs will be lost in the United States. Tariffs will also increase the financial burden of ordinary American households. For a family of four, for example, annual expenditure may increase by more than $2,000, which will also reduce the GDP of the United States by 1%.