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U.S. trade groups urge Trump to back off tariffs

President Trump looks on as Chinese President Xi Jinping speaks in Beijing in November. Photo: Nicholas Asfouri / AFP / Getty Images

Forty-five trade associations representing some of the country's largest companies are urging President Trump to freeze his plan to impose another round of steep tariffs on China after his recent actions on imported steel and aluminum.

Why it matters: Their Sunday letter to Trump signals a growing rift between the Trump administration and the business community on international trade. Trump's recent tariffs plan drew rebukes from mainstream Republicans, industry leaders, and foreign leaders.