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US businesses are voicing their strong opposition to the proposed tariffs on 0 billion worth of Chinese imports as announced by the Trump administration.

US President Donald Trump said last week that Republicans would be the new "party of healthcare" and would scrap the Affordable Care Act (ACA) that covers 20 million Americans and replace it with a better one.

US investors hold a large amount of securities in China's capital market, which was about 0 billion in 2018, accounting for 2.3 percent of their holdings of foreign securities. Chinese investors also hold a large number of US securities, including more than trillion in treasury bonds.

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US Senate Minority Leader Chuck Schumer, New York Governor Andrew Cuomo and New York Mayor Bill de Blasio were among the Democratic Party politicians who joined the march.

US mortgage finance firms Fannie Mae and Freddie Mac were put under conservatorship by the US government after suffering heavy losses from the collapse of the subprime mortgage market in 2008. The US Treasury pumped about 187.5 billion US dollars into the two companies to keep them afloat.

US news media, quoting unnamed White House sources, reported that US President Donald Trump plans to announce on Thursday broad tariffs of up to billion a year on China to punish it over its intellectual property policies and practices.

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US President Donald Trump holds up a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement after signing it in the Diplomatic Room at the White House in Washington, US, May 8, 2018. [Photo/Agencies]

US e-cigarette market leader Juul Labs Inc, which is 35%-owned by Marlboro-maker Altria Group Inc, over the last year has pulled fruit, dessert and mint nicotine flavors from retail stores and its website in the United States amid heightened scrutiny of the surge in teenage use.

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US President Donald Trump speaks about legislation for additional coronavirus aid in the Oval Office at the White House in Washington, on July 20, 2020. [Photo/Agencies]

US Senator Cory Booker, a Democrat from New Jersey seeking the presidential nomination, on Monday tweeted: "The president is weak. And wrong. White supremacy is not a mental illness, and guns are a tool that white supremacists use to fulfill their hate.