U.S. Business Leaders Call on the White House to Stop Imposing Tariffs on China

  

   

As the deadline for the Trump administration to threaten a new round of tariffs on China and Canada is approaching, US business leaders have recently called on the White House not to make this decision that harms the US economy.

On December 11, local time, Jamie Dimon, CEO of JP Morgan Chase, warned the Trump administration in an interview with the Financial Times: "The imposition of new tariffs on Chinese exports to the US Damage to their own economy. "

 

Jamie Dimon said at the US Business Roundtable on the same day that although the new round of tariffs on Chinese goods would cause limited direct damage to the US economy, its indirect effects should not be underestimated. Dimon further stated: "The tariff increase policy is not good for the United States and it will hurt business and consumer confidence."

Joshua Bolton, President of the US Business Roundtable, also said: "There is no doubt that once the United States makes a new tariff decision on Chinese goods, it will inevitably inhibit the economic activities of American companies and further discourage business leaders "Bolton pointed out that the US government and Congress should take steps to expand rather than restrict trade, thereby boosting the US economy.

  The Trump administration has previously threatened that if China and the United States fail to reach a first-phase trade agreement on December 15, the United States will impose a 15% tariff on US $ 156 billion worth of Chinese exports to the United States, including mobile phones and notebooks. Computers, toys and clothing. Although several US officials have recently hinted that the Trump administration may delay a new round of tariffs on Chinese goods, the White House has not yet announced the decision.