U.S. Chamber Statement on China’s Retaliatory Tariffs on $75B of U.S. Products

Friday, August 23, 2019 - 11:15am

WASHINGTON, D.C. — Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce issued the following statement today in response to China's announcement to impose retaliatory tariffs on $75 billion worth of U.S. products:

“Today’s Chinese retaliation is unfortunate but not unexpected. The fact of the matter is that nobody wins a trade war, and the continued tit-for-tat escalation between the U.S. and China is putting significant strain on the U.S. economy, raising costs, undermining investment, and roiling markets. It’s time to get back to the table and complete an agreement that deals with the thorny issues of tech transfer, IP enforcement, market access, and the damaging global impact of subsidies.”