As China prepares to send officials to the U.S. to restart talks on ending an escalating trade war, American companies and trade groups are returning to a Washington hearing room, most to argue against more tariffs from President Donald Trump.
Industry Week reported that almost 360 individuals are scheduled to testify over six days of hearings starting today (Aug. 20) on the latest round of proposed actions against Chinese imports, which would place tariffs of as much as 25% on $200 billion in goods, according to the Office of U.S. Trade Representative.
At the same time, China plans to send Vice Commerce Minister Wang Shouwen to the U.S. this week to meet with David Malpass, undersecretary for international affairs at the Treasury Department, for the first major trade negotiations in more than two months.
It’s the third round of hearings on tariffs proposed by the administration. While there’s broad agreement that action is needed to address allegations of Chinese theft of intellectual property and other unfair trade practices, most companies and trade groups have been telling the administration that tariffs aren’t the answer.
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