As part of a multi-industry effort coordinated by the Tariffs Hurt the Heartland coalition, 661 groups, including 520 companies and 141 associations representing a wide range of industries - agriculture, apparel and footwear, furniture, manufacturing, retail and more - sent a letter sent to the White House on Thursday that warned about about the long-term impact of tariffs on American businesses and consumer.
"We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the United States economy", read the letter.
USA authorities are also preparing to probe the market power of large technology companies, according to sources. "Broadly applied tariffs are not an effective tool to change China's unfair trade practices".More news: Student poses as underage girl on Tinder, takes down cop
Trump has said he would decide after G20, the meeting of the leaders of the world's largest economies, whether to carry out a threat to impose tariffs on an additional $300 billion in Chinese goods.
But it is significant as U.S.
The letter, from the group Tariffs Hurt the Heartland, said that while "we agree that our trading partners must abide by global trade rules. we believe this goal can be achieved without taxing Americans". The White House didn't immediately respond to a request for comment.More news: Vivo's Z series to be Flipkart-exclusive in India
Starting Monday, the U.S. Trade Representative's office is scheduled to hold public hearings on the proposed tariffs. Trump has said he'll announce a decision following the G20 summit in Osaka, Japan at the end of June, where he hopes to meet with Chinese President Xi Jinping.
Walmart, the largest USA private sector employer and the world's largest retailer, has said that tariffs will increase prices for U.S. consumers.
Some 600 American retailers, farmers, and manufacturers, which include Walmart and Levi Strauss, signed the letter, and urged Trump to forego levies on Beijing amid an ongoing trade war between the two countries.More news: IoT Engineering Services Market find out Growth Potential through Demand Forecast