SwanBitcoin445X250

WASHINGTON (Reuters) - The top Republican lawmaker overseeing trade policies on Sunday called for a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping to ease trade tensions, warning that U.S. tariffs would likely dampen U.S. economic growth this year.

image
Chairman of the House Ways and Means Committee Kevin Brady (R-TX) holds up a sample tax form as he speaks during a media briefing after the House Republican conference on Capitol Hill in Washington, U.S., April 17, 2018. REUTERS/Joshua Roberts

House Ways and Means Committee Chairman Kevin Brady said U.S. tax cuts had helped drive stronger U.S. growth but trade tariffs on steel and aluminum, and against Chinese imports, could now undermine that impact.

β€œAt some point this year it will show up in the economy and that is what we are trying to avoid,” Brady told Fox News in an interview. β€œI am confident this president, meeting face to face with President Xi, can level that playing field, can create a new set of trade rules for both of our countries.”

Reporting by Lesley Wroughton; Editing by Phil Berlowitz

Read more from our friends at Reuters: