Large retailers urge Trump against China tariffs

US trade groups urge Trump to avoid tariffs against China

US trade groups warn against higher tariffs

The package could be applied to more than 100 products, which Trump argued were developed by using trade secrets the Chinese stole from the USA companies or forced them to hand over in exchange for market access.

The trade groups represent companies such as Apple, Alphabet - the parent company of Google - Walmart and Nike.

"It's not too late for President Trump to reverse course on steel tariffs", said AEM President Dennis Slater in a statement.

After placing tariffs on imported steel and aluminum, Mr. Trump is reportedly considering tariffs on up to $60 billion of Chinese goods, covering electronics, apparel and footwear and some transportation equipment. "Were this investigation to result in a broadly applied tariff remedy on imports from China, it would hurt American households with higher prices and exacerbate a US tariff system that is already stacked against working families", the letter goes on. "For example, families shopping in our stores pay higher prices because America already levies import taxes as much as 32 and 67 percent on basic clothes and shoes". "Given the price sensitivity of our products, any additional increases in our costs would strike right at the heart of our ability to keep product competitively priced for our consumers".

The White House did not respond to a request for comment about the letter.

It comes after President Trump declares his intentions to impose about USD30 million tariffs on China's products as well as services.

They added "the Trump administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm United States companies ... and investors".

The domestic steel industry said that with the US representing Taiwan's largest steel export market, accounting for 13 percent of the country's steel exports, the imposition of the tariffs on steel imports from Taiwan is expected to have a significant impact on the industry, and it expressed hope that the government will seek the most favorable conditions for the industry to reduce the impact.

Trade associations also publicly pushing back include the U.S. Chamber of Commerce, the National Retail Federation and the Information Technology Industry Council.

Added Sandy Kennedy, president of Arlington, Va. -based RILA: "This is not American industries crying wolf".

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