The largest US business group attacks Trump for rates | Economy

While some of America 's largest trading partners impose retaliatory measures, Trump' s pricing approach has shaken the financial markets and shattered the relationship between the White House and the House.

The new campaign, detailed in the first place in Reuters, is an aggressive effort by the business lobby giant. Using state-by-state badysis, the Chamber argues that Trump is at risk of a global trade war that will affect the portfolios of US consumers.

"The government is threatening to undermine the economic progress it has so hard to achieve," said Speaker Tom Donohue in a statement to Reuters. "We should seek a free and fair trade, but this is not the way to go."

The Chamber, which has 3 million members, has always worked closely with Republican Presidents and praised Trump for signing corporate tax cuts in December. But rising trade tensions have created a crack with the president.

Trump set up billions of dollars in tariffs targeting China, Canada, Mexico and the European Union, saying that such measures are necessary to offset trade imbalances, prompting countries to retaliate.

Trump had already been persuaded to abandon threats to trade on the grounds that the states that supported him in the 2016 presidential campaign will be hit hard.