Aug 5 (Reuters) – Almost three dozen of the US’ most influential enterprise teams have requested President Joe Biden’s administration to restart commerce talks with China and lower tariffs on imports, the Wall Avenue Journal on Thursday.
The tariffs on Chinese language merchandise paid by U.S. importers have been imposed to make sure that Beijing fulfills its obligations beneath its 2020 Part One commerce pact with the US.
In a letter to U.S. Commerce Consultant Katherine Tai and Treasury Secretary Janet Yellen on Thursday, the enterprise teams stated that China had met “necessary benchmarks and commitments” within the settlement, the report added, together with opening markets to U.S. monetary establishments and lowering some regulatory obstacles to U.S. agricultural exports to China.
“A worker-centered commerce agenda ought to account for the prices that U.S. and Chinese language tariffs impose on People right here and at house and take away tariffs that hurt U.S. pursuits,” the report quoted the letter as saying.
(This story has been refiled to right typo in first paragraph)
Reporting by Akriti Sharma in Bengaluru; Modifying by Jacqueline Wong