[ad_1]
The United States Chamber of Commerce, the country's largest business entity, and generally the ally of Donald Trump's Republican Party, launched a campaign on Monday to oppose the US President's trade tariff policies .
While some of the closest US trading partners are imposing retaliatory measures, Trump's pricing approach has shaken the financial markets and shook up relations between the White House and the Chamber of Commerce [19659003] of 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 US consumer portfolios. "The government threatens to undermine the economic progress that it has so hardly achieved," said Speaker Tom Donohue in a statement to Reuters "We must seek free trade and fair, but that's not the way to go. "
The Board of 3 million members has historically worked closely with Republican Presidents and commended Trump for signing tax cuts in December.
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
The US president had already been persuaded to abandon the threats to trade on the grounds that the states that supported him during the 2016 presidential campaign will be hit hard. For example, the House said Texas could have $ 3.9 billion in retaliation costs
The trade issue caused heavy losses for global equity markets on Monday, May 2nd. China and Japan fell by more than 2%, while those of Europe were also down. With Trump easing the tensions of the afternoon, the stocks of tech companies rallied and pulled stock indexes as a whole. The Dow Jones ended the day at 0.15%; the S & P 500 rose 0.31%; and Nasdaq rose 0.76 percent.
In the oval office of the White House, Trump returned to comment on US trade relations. He said that he had no intention of leaving the World Trade Organization, although he hoped that the multilateral organization would better deal with Washington. In addition, Trump has once again stated that it will soon announce new trade agreements and that they would be "fair" and "good for the American people". / INTERNATIONAL AGENCIES
<img src = "https://p2.trrsf.com/image/fget/cf/fit-in/80/30/images.terra.com/2018/06/04/ estadao-conteudo.jpg "alt =" b, e, v, n, t, s) {if (f.fbq) returns, n = f.fbq = function () {n.callMethod?
n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n;
n.queue = 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0;
t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window,
document, "script", https: //connect.facebook.net/en_US/fbevents.js');
fbq (& # 39 ;, & # 39; 695146213959045 & # 39;);
fbq ("track", "Pageview");
[ad_2]
Source link
