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Tariffs Hurt the Heartland lobby, representing more than 150 industry organizations in the United States, has written to the Trump Administration several times, the latest of which. Members of the lobby cover enterprises in agriculture, manufacturing, retail and technology industries.
But the letter is significant because trade tensions between the United States and China continue to escalate, and Trump and Chinese President Xi Jinping may meet during the Osaka Group of 20 (G20) Summit on June 28-29. Trump had said he hoped to meet Xi there and would later decide whether to impose tariffs on almost all Chinese imports to the United States.
"We remain concerned about the escalation of the trade war in which tariffs are levied on each other," the letter said Thursday. "Extensive tariff imposition is not an effective means to change China's unfair trade practices. Tariffs are taxes paid directly by American companies... not by China."
It is less than three weeks away from the proposed Sino-US Leaders'talks, and there is little outside expectation that the talks will make progress towards ending the trade war. Sources said that although the global economy was at a critical juncture, the two sides had little preparation for the talks.
The White House did not immediately respond to requests for comment.
Wal-Mart is the largest employer in the U.S. private sector and the largest retailer in the world. The company has said tariff increases will raise prices for U.S. consumers.
"Overall, trade is good for Americans and good for consumers... I find it criticized from time to time." Wal-Mart CEO Doug McMillon said last week. He called on the Trump administration to pay more attention to how trade helps the American people, "rather than focusing on its bad side."
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