Trump likely to meet with Xi when G20 gathers - White House


USA companies have sent a letter on Thursday to President Donald Trump saying that tariffs on China will have a negative long-term impact on American businesses.

"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", read the letter.

No one would challenge the notion that Washington has the right to take a tough stand during trade negotiations, including by threatening to employ tariffs against its economic partners, which is the way nearly all U.S. administrations have behaved in the past.

Walmart, the largest United States private sector employer and the world's largest retailer, has said tariffs will increase prices for American consumers.

Although, Trump had been repeatedly saying following his China tariff hike that he and Xi would meet over the sidelines of a G20 summit due to be held by June 28th-29th in Japan, Chinese foreign ministry did not guarantee a talk between the leaders of world's first- and second-largest economy.

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Last month, the Trump administration increased tariffs on Chinese products, including mattresses, handbags, bicycles, vacuum cleaners and air conditioners, from 10 to 25 percent, for a total value of 200 billion dollars a year. "Broadly applied tariffs are not an effective tool to change China's unfair trade practices". The Office of the U.S. Trade Representative also released a separate list of imports, including footwear, that could be hit with another proposed 25% hike in tariffs.

Puma North America, fashion designer Alexander Wang, department store chain Kohl's and athletic shoe retailer Foot Locker were also among the companies signing on behalf of their employees.

The letter, from the group Tariffs Hurt the Heartland, said that while "we agree that our trading partners must abide by global trade rules. we believe this goal can be achieved without taxing Americans".

But it is significant as U.S. "An escalated trade war is not in the country's best interest, and both sides will lose", the letter read. As they see it, employing the full force of America's economic might, even if that interferes with the goal of maintaining an open global trade system, is a legitimate way of protecting U.S. national interests.