The Trump administration is set to face criticism this week from a large cross section of corporations, including U.S. giants like General Electric Co., over how the administration’s proposed tariffs on Chinese imports will affect American manufacturing.
As reported by the Wall Street Journal, the U.S. trade representative’s office will hold three days of hearings from Tuesday (May 15) on the proposed tariffs. The hearings will not only feature businesses facing supply-chain disruptions because of the tariffs proposed for $50 billion of Chinese imports, but will also feature exporters — from farmers to manufacturers — which are likely to suffer from retaliatory tariffs on U.S. exports threatened by China.
The hearings are part of a busy week on trade for the Trump administration. The team of U.S. trade representative Robert Lighthizer is also trying to finish negotiating with Mexico and Canada over a rewrite of the North American Free Trade Agreement. Congressional leadership has set a deadline of May 17 to be notified of a deal that would be eligible for a vote this year, an administration goal.
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