Published by maria gbaf
Posted on August 11, 2021
1 min readLast updated: February 17, 2026
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(Reuters) – Nearly three dozen of the United States’ most influential business groups have asked President Joe Biden’s administration to restart trade talks with China and cut tariffs on imports, the Wall Street Journal reported https://www.wsj.com/articles/business-groups-call-on-biden-to-restart-trade-talks-with-china-11628212436?mod=latest_headlines on Thursday.
The tariffs on Chinese products paid by U.S. importers were imposed to ensure that Beijing fulfills its obligations under its 2020 Phase One trade pact with the United States.
In a letter to U.S. Trade Representative Katherine Tai and Treasury Secretary Janet Yellen on Thursday, the business groups said that China had met “important benchmarks and commitments” in the agreement, the report added, including opening markets to U.S. financial institutions and reducing some regulatory barriers to U.S. agricultural exports to China.
“A worker-centered trade agenda should account for the costs that U.S. and Chinese tariffs impose on Americans here and at home and remove tariffs that harm U.S. interests,” the report quoted the letter as saying.
(Reporting by Akriti Sharma in Bengaluru; Editing by Jacqueline Wong)
Nearly three dozen influential business groups asked President Biden's administration to restart trade talks with China and cut tariffs on Chinese products.
The tariffs on Chinese products were imposed to ensure that Beijing fulfills its obligations under the 2020 Phase One trade pact with the United States.
In their letter, the business groups stated that China had met 'important benchmarks and commitments' related to the trade pact.
The report indicates that a worker-centered trade agenda should consider the costs imposed by U.S. and Chinese tariffs on Americans and remove those that harm U.S. interests.
The letter was addressed to U.S. Trade Representative Katherine Tai and Treasury Secretary Janet Yellen.
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