US trade coalition urges Biden administration to end 'misguided trade war' as tariffs hurt businesses

More than 30 US trade groups, including the US Chamber of Commerce and the US-China Business Council (USCBC), have recently called on the US government to remove the "costly and burdensome tariffs," which they say are hurting American companies, consumers and the overall economy. "The Administration can take immediate steps to relieve increasing inflationary pressures and rising prices for all Americans by reducing these tariffs," the trade groups said last month in a letter to US Treasury Secretary Janet Yellen and Trade Representative Katherine Tai.