Published: Fri, June 14, 2019
Global News | By Blake Casey

US Should Focus on Rights Concerns in Tariffs Deal with Mexico

US Should Focus on Rights Concerns in Tariffs Deal with Mexico

Walmart, Target, Macy's and hundreds of other companies and associations made a plea to US President Donald Trump not to impose additional tariffs on Chinese goods, and to return to the negotiating table to strike a trade deal with Beijing.

"We are counting on you to force a positive resolution that removes the current tariffs, fosters American competitiveness, grows our economy and protects our workers and customers", the companies and groups wrote.

Although, Trump had been repeatedly saying following his China tariff hike that he and Xi would meet over the sidelines of a G20 summit due to be held by June 28th-29th in Japan, Chinese foreign ministry did not guarantee a talk between the leaders of world's first- and second-largest economy.

"We remain concerned about the escalation of tit-for-tat tariffs", the companies and groups said in the letter.

"Broadly applied tariffs are not an effective tool to change China's unfair trade practices", the letter reads.

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According to the White House, Mr Trump decided not to launch a major trade war against its southern neighbour and key strategic ally and economic partner after Mexico agreed to increase efforts to control the flow of migrants from Central America and in particular to hold those seeking United States entry inside Mexico until their claims have been processed. Trump has also threatened to apply the same tariff on an additional $300 billion in goods in categories of more everyday items, like toys, clothing, shoes, and TV sets.

Walmart, the largest U.S. private sector employer and the world's largest retailer, has said tariffs will increase prices for American consumers. He urged the Trump administration focus on how trade helps a broad number of people in the country and "not just those it harms".

The tariffs are taxes directly paid by United States companies, not China, the signatory companies said, adding that the increase in tariffs and the uncertainty about the trade negotiations have created turmoil in markets and threaten economic growth.

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. It's a battle that "both sides will lose", CNN reports the letter to the White House says.

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