G-20 Summit: A Letter to the President | Global Trade Magazine
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  November 30th, 2018 | Written by

G-20 Summit: A Letter to the President

Efforts to End the Trade War Continue

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  • "The continued escalation of tariffs has come at a significant cost to the global economy..."
  • The letter addresses the potential for China and the U.S. to reach a compromise for the sake of tariff eliminations.
  • "We urge you, as two powerful leaders, to meet the challenge of global leadership. End the trade war..."

Leaders from the Freedom Partners, Americans for Prosperity and The LIBRE Initiative join forces to send President Donald Trump an urgent request for trade and tariff resolutions, following this year’s Argentina G-20 Summit.

The letter addresses the potential for China and the U.S. to reach a compromise for the sake of tariff eliminations and protectionist trade policies by stating that, “The continued escalation of tariffs has come at a significant cost to the global economy. It has harmed businesses, farmers, consumers, workers, and families worldwide, inflicting higher costs, lost jobs, and uncertainty,” (Freedom Partners).

With the 2018 G-20 Summit kicked-off, spectators are anxious to read about the outcomes between the two presidents and the trade war that continues shifting gears and keeping all players in the global trade sector on their toes.

Here’s more from the letter:

“Both countries should eliminate tariffs, subsidies, quotas, and other barriers to trade that distort markets and erect unnecessary barriers to mutually beneficial commerce and voluntary exchange. China should work with the United States to further open markets and lower barriers to trade by adopting reasonable measures to end intellectual property theft and forced technology transfers, and curtail state-owned enterprises.

“Trade creates millions of jobs and provides affordable prices for goods and services, giving consumers and their families in the United States and China an opportunity to succeed and thrive. We urge you, as two powerful leaders, to meet the challenge of global leadership. End the trade war and come to an agreement on free trade to relieve businesses, consumers, workers, and families worldwide from any further collateral damage.”

 

Source: Freedom Partners

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