China-US trade war: American business calls on Biden to restart talks

Dozens of trade associations appeal to the White House to cut import tariffs

China has met important benchmarks, they say in letter to US treasury and trade chiefs

Wendy Wu  in Beijing

Published: 4:58pm, 6 Aug, 2021

1. Trade war through trade tariff kills the Global Economy.

2. Because no one Country in the World has all the materials or goods within the boundary of a Country. Every Country will have to rely on trade to import raw materials, semi-finished products to manufacture into a finished product or to import cheaper goods through the assembly of cost effective parts from all over the World through trade.

3. Economy decoupling and tech decoupling - is a populist policy - that is not based on  Economic fundamental - and will just be detrimental to consumers and producers in terms of goods and services' prices and quality.

4. Populist politics that overrides economic principles - will have an overall detrimental effects to the downstream consumers and businesses.

5. 1930 Deep Depression start from US trade war by levying trade tariffs and trigger a Global Deep Depression --- which started World War 2.

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