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Companies plead with Trump against new China tariffs

Posted On: Jun 17, 2019   |   Posted By: Politico

Companies plead with Trump against new China tariffs

Hundreds of representatives of companies and trade groups are warning President Donald Trump that carrying out his plan to impose on tariffs on $300 billion more in Chinese imports will hurt consumers' pocketbooks, hamper business growth and fail to achieve the president's objectives. “It'll be the straw that breaks the camel‘s back for a lot of our companies," said Karen Giberson, president and CEO of the Accessories Council, an industry group whose members include fashion designers, jewelry importers and the upscale retailer Bloomingdale's. The howls of opposition coming from retailers like Best Buy, streaming box company Roku, child-products company Baby Trend and other big and small businesses weakens Trump's hand as he prepares for a possible showdown with Chinese President Xi Jinping at the G-20 leaders meeting in Osaka, Japan on June 28-29. More than 300 witnesses are expected to testify over the next seven days, with representatives from sectors that include semiconductors, energy, plumbing,...

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