Walmart, Target Corp and more than 600 other companies urged US President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers. With less than three weeks to go before talks between Chinese and US leaders, expectations for progress toward ending the trade war are low. “We remain concerned about the escalation of tit-for-tat tariffs,” the new letter sent on Thursday said. He urged the Trump administration focus on how trade helps a broad number of people in the country and “not just those it harms”. “An escalated trade war is not in the country’s best interest, and both sides will lose,” the letter said.

Source: The Irish Times June 14, 2019 06:00 UTC