US Proposing New Round of Trade Talks With China

As Trump embraces more tariffs U.S. business readies public fight

Just 6 percent, meanwhile, said they would consider moving factories to USA soil.

The campaign will kick off with events in Chicago, Nashville, Pennsylvania and OH next week, the statement said, adding that additional events will take place in September and October in key communities throughout the heartland.

Trump has already imposed 25-percent customs duties on $50 billion worth of Chinese goods, triggering a tit-for-tat response from Beijing.

The stakes could not be higher for USA families, businesses, farmers and workers threatened by job losses and higher prices as a result of retaliatory tariffs, he said.

Trump imposed the first phase of tariffs this summer on $50 billion of Chinese exports, including high-end technology parts and manufactured goods, while Beijing fired back dollar-for-dollar at United States soybeans, autos and other farm goods.

The US" National Fisheries Institute (NFI) has joined "Americans for Free Trade', a multi-industry coalition aimed at opposing tariffs and highlighting the benefits of global trade.

China has accused the United States of trade bullying.

While not engaging in electioneering ahead of November 6 mid-term elections where control of Congress is at stake, it will urge constituents to discuss the trade issue with lawmakers, hoping they will convince Trump to abandon tariffs.

Trade talks in August between the two countries ended without any breakthroughs.

But he cautioned: "I guarantee nothing".

More news: The "Trump Resistance" Op-Ed

It is however unclear when and where the proposed meeting would take place.

"In fact, from last month's preliminary talks in Washington, the two sides' trade talk teams have maintained various forms of contact, and held discussions on the concerns of each side", he said.

US business groups are escalating their fight against Trump's tariffs, with over 60 industry groups launching a coalition to put political pressure on the Trump administration to seek alternatives to tariffs.

The launch of Americans for Free Trade comes as Trump increasingly warms to using tariffs.

Americans for Free Trade represents a variety of supply chain stakeholders, including US manufacturers, farmers and agribusinesses, retailers, technology companies, service suppliers, natural gas and oil companies, importers and exporters.

Roughly a third of firms are shifting supply chains out of China, or the U.S., and an equal proportion are delaying or cancelling investment decisions, the survey shows.

"A lot of other interest groups thought they wouldn't go this long or go this deep, but the layering effect (of tariffs) has finally gotten everyone to say: 'Enough is enough, '" said Nicole Vasilaros, the top lobbyist for the National Marine Manufacturers Association, whose members are weighing layoffs after costs rose as much as 35 percent. Some of their employees are paying the price, with 12 percent of firms cutting staff, the report says.

China welcomed the offer, saying that both governments were discussing details for a new round of negotiations.

The Trump administration's $200 billion tariff list would hit a broad array of internet technology products and consumer goods from handbags to vacuum cleaners and bicycles to furniture. They said almost one-third are thinking about canceling or postponing investment decisions. He added though survey respondents were mostly smaller firms, and that larger corporations had "the ability to withstand the impact of the tariffs", so that it was the smaller ones that were feeling the pinch sooner.

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