Published: Thu, May 23, 2019
Global Media | By Garry Long

Under Armour and dozens of footwear brands request halt to higher tariffs

Under Armour and dozens of footwear brands request halt to higher tariffs

Trump is expected to impose 25% tariffs on another US$300 billion worth of Chinese goods when he meets Chinese President Xi Jinping in June.

A top business lobby group representing American firms in China said they have "real concerns" over how Beijing may respond to U.S. action taken against Huawei.

The Mexican government said its decision to apply the tariffs to USA agricultural products had been decisive in pushing decision makers in the U.S. to pressure the Trump administration to eliminate its tariffs on steel and aluminium imports.

Last week, the president suggested the us held all the cards in the dispute, claiming businesses would leave China to avoid paying increased levies.

"The idea is not to have tariffs, the idea is for them (China) to treat our companies fairly", Mnuchin told the US lawmakers, adding that the Trump administration was "very focused" on the impact on USA farmers.

China has threatened to retaliate against U.S. sanctions without giving details.

In June of past year, Mexico imposed tariffs on apples and other items in retaliation to President Trump imposing tariffs on steel and aluminum.

The U.S. imported more than $11.4 billion in footwear from China in 2018, according to the Census Bureau.

Trump said last month that he would end preferential trade treatment for India, which would result in United States tariffs on up to $5.6 billion of imports from India.

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There is no victor in a trade war, as stated by the Chinese side many times, Lu said.

The Trump administration exempted Canada and Mexico from metals tariffs as part of negotiations with Congress to pass the United States Mexico Canada Agreement.

Canada's tariffs imposed a 25 per cent surtax on US steel imports, and 10 per cent on aluminum and the other 75 listed products.

The two sides have so far exchanged tariffs on more than $360 billion in two-way trade.

Long considered a solid cornerstone in a relationship fraught with geopolitical frictions, the U.S. business community has in recent years advocated a harder line on what it sees as discriminatory Chinese trade policies.

He has since raised tariffs on Chinese goods and moved to restrict Huawei Technologies's access to the United States market, putting the Chinese telecom giant and scores of its affiliates on a blacklist that curtails access to key American suppliers.

But speaking to Fox News Channel, Chinese Ambassador to Washington Cui Tiankai said Beijing was still open for talks.

Trump has been engaged in a string of reciprocal tariff increases with China on imported goods arriving in each other's ports as the world's two biggest economies have tried for months - unsuccessfully so far - to negotiate a new trade pact.

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