"I don't think trade wars are good for anybody", said Tom Bracken, president of the New Jersey Chamber of Commerce.
The Chamber is now expected to spend millions of dollars on United States midterm elections this year in an effort to help elect candidates who back free trade, immigration and reduced taxes.
Whle tariffs could jeopardize $47 million in exports to China, the U.S. Chamber said, Pascrell said China's unfair practices have cost millions of American jobs.
United States tariffs on $US34 billion ($46.3 billion) worth of Chinese goods come into effect on Friday with a big risk of more tit for tat tariffs from China.
"On Friday, I announced plans for tariffs on $50 billion worth of imports from China..." The EU and the USA industry specialise in largely different market segments and over the last 5 years imports from the EU have been stable.
However, the Chinese are set to hit back for the tariffs slapped on $50bn of Chinese goods exported to the US. Its tariffs are meant to deliver pain to American farmers, who overwhelmingly backed Trump in the 2016 election and whose interests are represented by powerful lobbyists and members of Congress.
The Trump administration suspended its tariffs after Beijing agreed to increase its purchases of US goods, especially in agriculture and energy.
But the U.S. Chamber of Commerce says those increased costs get passed on to customers, and ultimately bog down economic activity.
Asked at a briefing about the Chamber's report, White House spokeswoman Sarah Sanders told reporters: "The president is focused on helping protect American workers and American industries and create a fair playing field". "It's bad what they do to us".
"Like most global automakers, including the Detroit-based companies, Toyota sources most key parts and components locally, e.g., engines and chassis, but also imports certain specialized parts and components", Toyota said in a statement.
On Sunday, Canada started billions of dollars in retaliatory tariffs against the USA, in a tit-for-tat response to the Trump administration's duties on Canadian steel and aluminum. "They remain blithely ignorant about what they're getting into".