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在线翻译:
szdaily -> World Economy -> 
US businesses oppose Trump’s China tariffs
    2018-05-17  08:53    Shenzhen Daily

U.S. companies and business groups are lining up to oppose the Trump administration’s plan to slap tariffs on Chinese imports, as the two nations step up efforts to resolve their trade dispute.

About 120 firms and industry groups are scheduled to testify at a hearing that began Tuesday on the administration’s plan to impose tariffs on US$50 billion in Chinese goods.

So many groups signed up that the U.S. Trade Representative’s Office extended the hearing by two days until Thursday. The U.S. Trade Representative’s Office has received more than 2,700 comments.

The hearing coincides with a trip to Washington by Chinese President Xi Jinping’s special envoy and Vice Premier Liu He for broader trade negotiations. The visit is a follow-up to talks led by U.S. Treasury Secretary Steven Mnuchin in Beijing earlier this month, when they failed to bridge their wide differences.

Companies, including U.S. Steel Corp., Best Buy Co. and General Electric Co., as well as lobby groups such as the National Retail Federation, Consumer Technology Association and National Association of Manufacturers, are set to testify this week. Many want the talks to focus on resolving differences rather than the pursuit of tariffs.

Sanden International (U.S.A.) Inc., based in Wylie, Texas, which makes automotive air-conditioning compressors, estimated the proposed tariffs on the components it imports from China would require the firm to pay an additional US$3.5 million in duties a year.

George Tuttle III, a lawyer testifying on behalf of the company, said the firm would need to cut 39 people from its 431 employees in Wylie if the tariffs go into effect and defer or cancel additional capital investment.

U.S. manufacturers, consumer products companies and technology groups that filed written submissions opposing the planned Chinese tariffs say they would raise input costs and consumer prices and draw crippling retaliatory duties from China.

“Tariffs are hidden, regressive taxes that will be paid by U.S. businesses and consumers, paradoxically harming U.S. competitiveness,” the U.S. Chamber of Commerce said in written testimony filed before the hearing.

The industry backlash against the planned tariffs comes amid signs U.S. President Donald Trump may be seeking a less confrontational approach to China. In a surprise twist, Trump said on Sunday he is working with Xi to get ZTE Corp. “back into business fast.”

The U.S. Commerce Department is now reviewing alternative options to sanctions on the Chinese mobile phone maker. ZTE was forced to suspend its main operations worldwide after the U.S. Commerce Department prohibited American companies from exporting products to it in mid April.

The tariff issue has laid bare a dilemma for U.S. companies, many of which don’t want to be drawn into a diplomatic dispute that would hurt their interests. A bilateral trade deal with China or action at the World Trade Organization are better options, groups including the National Association of Manufacturers said.

“There are better ways of doing this,” said Josh Kallmer, senior vice president at the Information Technology Industry Council, whose members include Microsoft Corp., Intel Corp., Qualcomm Inc. and Alphabet Inc.’s Google. (SD-Agencies)

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