WASHINGTON, D.C., (November 14, 2022) — Americans for Free Trade (AFT) spokesperson Jonathan Gold released the following statement on the heels of today’s meeting between President Joe Biden and Chinese President Xi Jinping at the G-20 Summit in Bali, Indonesia:
“It is encouraging to see President Biden and President Xi coming together to discuss one of the most important bilateral relationships to the health of the global economy. As they continue this dialogue and work to de-escalate tensions that have defined the U.S.-China relationship in recent years, they must address the ongoing trade war between the two nations. The tariffs – which have been in place for more than four years – have cost U.S. families and businesses more than $160 billion. As International Monetary Fund Managing Director Kristalina Georgieva acknowledged recently, these tariffs are counterproductive and allowing the trade war to continue at a time when inflation is top-of-mind for people around the world would represent a profound economic risk.”
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