Business groups urged Biden to reduce duties on imports from China

Businessmen note that China has already fulfilled “important provisions and obligations” on the trade deal between the two countries.

Several dozen business groups have sent a letter calling on US President Joe Biden to resume trade negotiations with China and ease duties on imports from this country as they slow down the American economy. The Wall Street Journal reported this.

According to her, about three dozen groups of entrepreneurs, including the US Chamber of Commerce, the National Retail Federation, and the Semiconductor Industry Association, sent a letter to the head of the US Treasury Department, Janet Yellen, stating the need to “cancel tariffs that harm the interests of the United States.” At the same time, businessmen note that China has already fulfilled “important provisions and obligations” under the trade deal between the two countries, opening its market to US financial institutions and reducing barriers to agricultural imports.

“We want to express our support for long-term cooperation with China on trade and economic issues,” the business representatives summarize.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

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