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NFTC President Testifies in Section 301 Hearing

Washington D.C. – Following his testimony in front of the Section 301 Committee on the Administration’s proposed action pursuant to the United States Trade Representative’s (USTR) Section 301 investigation of China, National Foreign Trade Council (NFTC) President Rufus Yerxa today issued the following statement:

“During today’s hearing we reiterated the importance for U.S. business and consumers of finding a strategy that forces China to abandon its problematic trade practices. However, imposing tariffs under Section 301 is not the answer.
 

“Section 301 was designed to be used a means to an end, not as an end in its own right, and it must be used as part of a carefully orchestrated, deliberate and defensible effort to dissuade other countries from engaging in unfair behavior. For this to work effectively, the Administration must focus its efforts on working with our key trading partners around the world and using all aspects of bilateral and multilateral diplomacy to mobilize global support for lasting change in China.” 

To read the full testimony, click here.    

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About the NFTC

Serving America's Global Businesses Since 1914- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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