U.S. trade groups urge China to increase purchases of U.S. goods, services

Reading Time: < 1 minute

The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top U.S. and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by the world’s two largest economies in January.

In a letter to U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the group said they were encouraged by progress achieved so far, but called for a significant increase in China’s purchases of U.S. goods and services in coming weeks.

In a statement, the US Chamber said that millions of U.S. jobs depend on America’s ability to trade with other countries. Half of all U.S. manufacturing jobs depend on exports, and one in three acres of American farmland is planted for international sales. But recent and proposed trade actions by the Trump administration threaten as many as 2.6 million American jobs and will stymie our economic progress.

via Reuters / US Chamber of Commerce

Once you're here...

%d bloggers like this: