China welcomes USA trade talks offer as new tariffs loom

China welcomes USA trade talks offer as new tariffs loom

About 74.3 percent said they would be affected if Washington's tariff increase on $200 billion of Chinese goods goes ahead.

Americans for Free Trade, a group of more than 80 associations, said it represents thousands of businesses and workers.

One researcher at Taiwan's Chung-Hua Institution for Economic Research, Roy Chun Lee says that "the historical example of the U.S. -Japan economic conflict suggests that the U.S".

The coalition posted a searchable map linking users to stories from farmers and businesses saying they're harmed by tariffs.

"The White House has threatened to fire the next barrage of tariffs at $200 billion more Chinese goods, expecting with this onslaught, or subsequent ones, China will wave a white flag", he said.

"We support President Trump's efforts to reset US-China trade relations, address long-standing inequities and level the playing field", Zheng said. The White House is pushing tariffs as a powerful negotiating tool for winning what it says are better trade deals for all Americans.

China has threatened retaliation, which could include action against USA companies operating there.

Top White House economic advisor Larry Kudlow told Fox Business Network on Wednesday: "Secretary Mnuchin, who is the team leader with China, has apparently issued an invitation".

In response, China has vowed to retaliate with tariffs on another $60 billion of United States exports, including meat, coffee, furniture and auto parts.

"I think most of us think it's better to talk than not to talk, and I think the Chinese government is willing to talk", he said.

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But he cautioned: "I guarantee nothing". The business lobby urged Washington to reconsider its approach.

US business groups are escalating their fight against Trump's tariffs, with over 60 industry groups launching a coalition to put political pressure on the Trump administration to seek alternatives to tariffs.

"The U.S. administration runs the risk of a downward spiral of attack and counterattack, benefiting no one", Zarit said in statement.

Envoys from the two countries last met August 22 in Washington but reported no progress.

Scott Kennedy, deputy director of China studies at the Center for Strategic and International Studies in Washington, said he suspected the invitation to talks would be viewed skeptically in Beijing.

"We are under no pressure to make a deal with China, they are under pressure to make a deal with us", he wrote on Twitter, in response to a Wall Street Journal article that cited "a steady rise in political pressure" to ease up on trade fights.

"China's economy has slowed a tiny amount, and it certainly has financial anxieties, but it is nowhere near any kind of tipping point".

Sixty-four percent of companies that responded to the AmCham survey, which was conducted between August 29 and September 5, said the first round of tariffs that Trump slapped on $50 billion in Chinese imports this year have negatively affected their operations, while 63 percent said the same about the equal amount of duties Beijing imposed in retaliation.

So far, the United States and China have hit $50 billion worth of each other's goods with tariffs in a dispute over US demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back industrial subsidy programs and better protecting American intellectual property.

China has also warned it could unleash "qualitative" measures, which USA business groups have interpreted as more burdensome regulations, stalled visas and other red-tape headaches.

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