US business chiefs state case against tariffs

By ZHAO HUANXIN/YING WANG | China Daily | Updated: 2018-08-28 07:53
The US Senate Finance Committee holds a hearing on steel import tariffs on June 20 in Washington. [Photo/Xinhua]

Washington hearings told of risk to children, threat to supply chains

Each of those who testified told a different story, but with a similar theme.

They said it was simply impossible to shift manufacturing back to the United States; they had invested time and resources in developing a supply chain using Chinese capacity; and imposing tariffs would not advance the goals of US President Donald Trump's administration.

The US business executives were testifying last week at hearings on the proposed 25 percent tariffs the US says it will impose on $200 billion worth of Chinese imports.

At the hearings held by the US Trade Representative's Office, which were due to conclude on Monday, those who testified presented a long list of cost-effective products sourced from China that would be off-limits to numerous US consumers if the duties took effect.

One witness after another pleaded for the Trump administration not to raise tariffs on more Chinese goods, saying that the escalating trade war between the world's two largest economies would risk the safety of US children and destroy many domestic businesses while disrupting supply chains.

"We strongly oppose the proposed tariffs, which will disrupt business models and cause lasting economic harm to American sports companies and to millions of American consumers who look to play sports and be active every day," said Tom Cove, president and CEO of the Sports & Fitness Industry Association.

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