Businesses Urge Trump Administration to Keep China Tax Treaty

Terminating the US-China tax treaty would harm American businesses’ ability to compete in the global market, an industry group told the Trump administration.

The National Foreign Trade Council said in a letter to the Treasury Department that while it applauds the administration’s efforts to increase American manufacturing, the government should retain the US’s tax treaty with China.

The treaty plays an “important role in supporting the competitiveness of American companies and the U.S. economy vis-à-vis third countries that continue their treaty relationship with China,” Anne Gordon, NFTC’s vice president ...