May 10, 2019 / 7:42 PM / 13 days ago

U.S. CEO group says rising U.S.-China tariffs could hurt economy

FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

WASHINGTON (Reuters) - Business Roundtable, a group of U.S. corporate chief executive officers, said on Friday it was concerned that rising U.S.-China tariffs will hurt the American economy.

In a statement issued after the United States and China concluded two days of trade talks, the group said it supports the Trump administration’s efforts to resolve structural issues with China. It said any deal must address China’s unfair trade practices and added that a final agreement with China should “take tariffs down.”

Reporting by Eric Beech

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