Wal-Mart and Hundreds of Other Companies Call on Trump to Drop China Tariffs
2019-06-14 11:12:47 source：Bloomberg
June 14, 2019
Wal-Mart Inc., Target Corp., Macy’s Inc. and hundreds of other companies and associations made a plea to President Donald Trump not to impose additional tariffs on Chinese goods, and to return to the negotiating table to strike a trade deal with Beijing.
More than 500 companies and 140 groups representing manufacturers, retailers, oil and gas firms and other industries signed a letter addressed to Trump on Thursday from “Tariffs Hurt the Heartland,” an umbrella group of trade associations that’s pushing back against Trump’s trade war.
“We remain concerned about the escalation of tit-for-tat tariffs,” the companies and groups said in the letter. “We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the U.S. economy.”
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