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661 US firms & associations sign letter urging to abandon tariff hikes on China

The US president Donald Trump warns China of imposing tariffs on remaining items if the deal is not reached, but a total of 661 US companies and associations have come together to sign a letter urging the Trump administration to abandon tariff hikes and reach a deal with China. The letter said that the firms and associations are concerned about the escalation of tit-for-tat tariffs between the US and China.