Washington urged to end costly tariff war on China amid surging inflation_英语频道_央视网(cctv.com)

— A growing number of U.S. business groups and lawmakers are urging the Biden administration to end the costly tariff war on China as U.S. inflation surged to a 40-year high last month.

— The costly trade war on China, launched by former U.S. President Donald Trump more than three years ago, was a failure in every possible way.

— Failing to put an end to the festering trade war, or pursuing significant decoupling with China, would cause both short-term shocks to company supply chains and productivity and long-term damage to U.S. economic growth and competitiveness.

by Xinhua writers Gao Pan, Xiong Maoling and Xu Yuan

WASHINGTON, Feb. 19 (Xinhua) — A growing number of U.S. business groups and lawmakers are urging the Biden administration to end the costly tariff war on China as U.S. inflation surged to a 40-year high last month.

In addition to hurting U.S. businesses and workers, the self-defeating tariffs, which are paid by…

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