Washington - Business Roundtable CEO Joshua Bolten released the following statement on the agreement between the United States and China to temporarily pause certain tariffs:
“Business Roundtable welcomes the announcement that China and the United States will both significantly reduce tariffs for the next 90 days. This agreement will help mitigate many of the supply challenges facing American manufacturers, retailers and consumers. We urge the Administration to further reduce tariffs between our two countries as part of the ongoing negotiations.
“The United States and many of our closest trading partners have long been disadvantaged by the Chinese government’s unfair trade practices. We commend the Administration’s commitment to use the negotiating period ahead to address these issues in a durable manner and encourage them to closely coordinate with our international allies throughout the negotiations.”