Kohl's joins retailers in opposing Trump tariffs

20 March, 2018, 04:23 | Author: Roderick Gutierrez
  • Kohl's joins retailers in opposing Trump tariffs

Leading US trade associations have written to President Donald Trump urging him to halt plans to slap tariffs on Chinese imports.

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 delegation, comprising economic and trade officials, will seek negotiations with US foreign trade agencies during its one-week visit on tariffs to be implemented on steel and aluminum imports into the USA, in a bid to protect the interests of Taiwanese exporters, Minister of Economic Affairs Shen Jong-chin (沈榮津) said that day.

"Applying any additional broad-based tariff as part of a Section 301 action would worsen this inequity and punish American working families with higher prices on household basics", the letter stated.

The footwear companies argued that shoes already are subject to hefty tariffs.

Sweeping tariffs would provoke retaliation, stifling U.S. exports and raising costs for USA businesses and consumers, the groups said in their letter to Trump.

It comes after President Trump declares his intentions to impose about USD30 million tariffs on China's products as well as services.


The White House will decide on the tariff plan this week or next.

Another petition signed on Sunday by organizations representing a broader mix of industries, including technology and agriculture, advised the White House to "work with like-minded partners to address common concerns with China's trade and investment policies".

The business groups said while they had serious concerns about China's approach to trade, unilateral tariffs by the USA would only separate the country from allies, and encourage them to replace the United States business presence in China when Beijing retaliates.

Trade associations also publicly pushing back include the U.S. Chamber of Commerce, the National Retail Federation and the Information Technology Industry Council.

"A punitive, retaliatory tariff on Harley-Davidson motorcycles in any market would have a significant impact on our sales, our dealers, their suppliers and our customers in those markets", Harley said in a statement.

USTR has argued that China uses a range of practices to force companies to transfer IP, and Chinese entities engage in widespread theft of USA trade secrets, as it seeks to become a leader in advanced manufacturing and artificial intelligence. "As you continue to investigate harmful technology and intellectual property practices, we ask that any remedy carefully consider the impact on consumer prices", the petitioners wrote.

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