President Donald Trump will announce Friday a host of new tariffs on Chinese imports, a Monday report from The Washington Post claims.
Four administration officials confirmed to WaPo the tariffs will be applied to more than 100 products the president argues were developed "by using trade secrets the Chinese stole from US companies or forced them to hand over in exchange for market access".
The letter read "we urge the administration not to impose tariffs and to work with the business community to find an effective, but measured, solution to China's protectionist trade policies and practices that protects American jobs and competitiveness".
"These procedures will allow the Administration to further hone these tariffs to ensure they protect our national security while also minimizing undue impact on downstream American industries", Ross said.
It was the latest example of growing dissent from US business groups against the Trump administration's protectionist trade policy.More news: NCAA Men's Tournament: No. 2 Purdue heads to Sweet 16
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"The administration is right to focus on the negative economic impact of China's industrial policies and unfair trade practices, but the U.S. Chamber would strongly disagree with a decision to impose sweeping tariffs", U.S. Chamber of Commerce chief executive officer Thomas Donohue said in a statement.
Among other things, the U.S. administration had accused Beijing of forcing United States companies to turn over proprietary commercial information and intellectual property as a condition of operating in the Asian nation.
But any United States individual or organization may object to the exemption setting up a battle between domestic steel and aluminum producers that could benefit from the protective tariffs and companies that rely on imports.
USA companies from Walmart Inc. to Amazon.com Inc. are warning President Donald Trump that any sweeping trade action against China could raise consumer prices, increase costs for businesses and hurt stock prices.
Several G20 officials, including the finance ministers from host country Argentina and Germany, said they will insist on maintaining G20 communique language emphasizing "the crucial role of the rules-based global trading system".