Us business groups have widely criticized the trump

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U.S. business groups have widely criticized the Trump administration for fighting with its allies over trade, rather than trying to enlist them in a trade offensive against Beijing. “We have the potential to cement lasting change in China’s unfair trade practices and policies—and it would be a shame to squander it,” said Dean Garfield, chief executive of the Information Technology Industry Council. “We urge President Trump to delay this unnecessary escalation before more consumers and workers are harmed and instead make a concerted effort to build a coalition while he is in Europe this week and then negotiate with China to achieve tangible commitments.” The plan for additional tariffs attracted swift opposition from the National Association of Manufacturers. The group warned that additional tariffs would undermine the U.S. tax and regulatory reforms that it credits with making U.S. companies more competitive in the last year and a half. “The U.S. and China should immediately begin working toward a fair, rules-based trade agreement to end China’s market-distorting activities,” NAM President Jay Timmons said in written statement. QUESTIONS: 1. The White House said it would assess 10% tariffs on a further $200 billion in Chinese goods. Why only 10%? Why not 25% as originally planned? 2. Which groups in the US are opposed to these new tariffs? The article gives the impression that almost everyone is. Is this impression correct? 3. Why was there also swift opposition from the National Association of Manufacturers? Shouldn't the National Association of Manufacturers be the main beneficiaries of such tariffs? 4. How will this play out? Will the trade war go on and on and on? Or will we reach a new equilibrium and peace settlement?
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