Business groups warn Trump’s tariffs on China could backfire

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Business groups criticized the Trump administration Friday for formally imposing tariffs on Chinese goods and warned the move would backfire and hurt the U.S. economy.

“Imposing tariffs places the cost of China’s unfair trade practices squarely on the shoulders of American consumers, manufacturers, farmers, and ranchers. This is not the right approach,” warned Chamber of Commerce President Tom Donohue.

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