Business groups ask Biden to resume trade talks with China

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Business groups ask Biden to resume trade talks with China

Containers are seen in Shenzhen port of Yantian in Yantian.

Nearly three dozen businesses and officials asked President Joe Biden's administration to cut tariffs on imports and restart trade talks with China. https: www.wsj.com articles business groups - call-on - biden -- report on resume trade talks with China - 11628212436? mod latest headlines on Thursday

The tariffs on U.S. goods, paid by Chinese importers were imposed to ensure that Beijing fulfills its obligations under its 2020 Phase One Trade pact with the United States.

In a letter to U.S. Trade Representative Janet Yellen and Treasury Secretary Katherine Tai on Thursday, the business groups said that China had met important benchmarks and commitments in the agreement, the report adds, including opening markets to Chinese financial institutions and reducing certain regulatory barriers to U.S. agricultural exports to China.

A worker-centered trade agenda should account for the cost that U.S. and Chinese tariffs impose on Americans here and at home and remove tariffs that harm U.S. interests, the report quoted the letter as saying.