Cisco, HP, others make last-ditch effort to avoid US-China trade war - News Summed Up

Cisco, HP, others make last-ditch effort to avoid US-China trade war


Tariff pleaOn Thursday, Cisco, Hewlett-Packard and other technology companies sent a letter to US Trade Representative Robert Lighthizer urging the administration to avoid imposing more tariffs. Almost 350 individuals from companies, trade associations and other entities testified, with most opposed to the levies. The Trump administration may roll out the tariffs on the $200 billion in phases. It waited about three weeks after announcing in mid-June that it was imposing tariffs on $34 billion of Chinese goods before they were implemented. At some point, the duties will start to hurt American companies, she said.


Source: Mint September 07, 2018 12:56 UTC



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