Report: De-escalation of trade war would lift jobs, incomes in US

"What we've seen over the past few years is that raising tariffs does little more than raise costs for American families and shrink their opportunities," Craig Allen, president of the US-China Business Council, said at the release of the report on the value of the US-China economic relationship. The trade war with China hurt the US economy and failed to achieve major policy goals outlined by the Trump administration, noted the USCBC report, which was done in partnership with Oxford Economics, a global advisory firm headquartered in England.