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Trump likely to meet with Xi when G20 gathers - White House

Trump likely to meet with Xi when G20 gathers - White House

As part of a multi-industry effort coordinated by the Tariffs Hurt the Heartland coalition, 661 groups, including 520 companies and 141 associations representing a wide range of industries - agriculture, apparel and footwear, furniture, manufacturing, retail and more - sent a letter sent to the White House on Thursday that warned about about the long-term impact of tariffs on American businesses and consumer. "Tariffs are taxes paid directly by United States companies.not China".

Additional 25 per cent tariffs on US$300 billion (S$410 billion) worth of Chinese imports, on top of those already levied, would wipe out more than two million USA jobs, the letter said, citing estimates from worldwide consultancy the Trade Partnership.

The letter came as the US Trade Representative Office plans to begin a public hearing on June 17 to solicit public comments on and responses to proposed tariff measures.

According to a statement issued on Thursday by the Tariffs Hurt the Heartland, a bipartisan campaign against levies, 520 companies and 141 associations said in the letter that they "remain concerned about the escalation of tit-for-tat tariffs" between the U.S. and China, reports Xinhua news agency.

The meeting comes as the President is considering whether to go ahead with threatened tariff increases in his trade war with China.

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In the letter dated June 13, the business entities - including big-name retailers such as Walmart Inc., Macy's Inc. and Target Corp. - urged the president to return to the bargaining table and negotiate a deal to end the yearlong trade dispute between the world's two largest economies.

Additional 25% tariffs on $300 billion in imports, on top of those already levied, would wipe out more than 2 million U.S.jobs, the letter said, citing estimates from worldwide consultancy the Trade Partnership.

Some 600 American retailers, farmers, and manufacturers, which include Walmart and Levi Strauss, signed the letter, and urged Trump to forego levies on Beijing amid an ongoing trade war between the two countries.

They would also add more than $2,000 in costs for the average American family of four and reduce the value of U.S. Gross Domestic Product by 1%, it said.