NFTC Calls for Removal of Legislation Restricting De Minimis

Washington D.C. – The National Foreign Trade Council (NFTC) today joined 13 leading industry associations calling on Congress to remove the Import Security and Fairness Act from the America Competes Act of 2022.

The Import Security and Fairness Act, which would restrict the use of de minimis, would “impose sweeping costs on American businesses, workers and consumers, add new inflationary pressures on the U.S. economy, and exacerbate ongoing supply chain disruptions at U.S. ports.”

“Restrictions on the use of de minimis would significantly raise costs, imposing a de facto tax on low-income Americans. As we continue to recover from the pandemic and the recent economic challenges posed by the Omicron variant, as well as navigate a period of accelerating inflation not seen since 2001, restrictions on the use of de minimis would be the wrong policy at the wrong time, as the increased tariffs would be passed on directly to consumers and immediately worsen the inflation rate.”

To read the full letter, 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 100 member companies through its office in Washington D.C

Tiffany Smith Joins NFTC as Vice President for Global Trade Policy

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today announced that Tiffany L. Smith has joined the NFTC as Vice President for Global Trade Policy.

Ms. Smith previously served as senior policy advisor in Mayer Brown’s international trade and government relations practices where she advised companies, trade associations, and non-profits on international trade policy and regulations.

Prior to joining Mayer Brown in 2007, Tiffany worked for 16 years in the Federal Government, serving in positions in the Office of the U.S. Trade Representative, the United States Senate, and the Department of Commerce.

“We are thrilled that Tiffany will be leading NFTC’s trade team,” said Colvin. “As we continue to navigate the ever-changing trade landscape, Tiffany’s expertise and extensive experience in both the private and public sector will prove to be invaluable for our member companies.”

Tiffany’s full bio can be found below.

Tiffany L. Smith
Vice President, Global Trade Policy

Tiffany L. Smith is Vice President for Global Trade Policy at the National Foreign Trade Council, the leading business association dedicated solely to advancing the interests of U.S. companies in international commerce.

As Vice President, she leads efforts to advance global commerce and strengthen U.S. companies’ competitiveness abroad. She oversees the development and execution of NFTC’s trade policy strategy and leads work on key bilateral and regional trade relationships, the World Trade Organization and tariff reform issues.

Tiffany previously served as senior policy advisor in Mayer Brown’s international trade and government relations practices where she advised companies, trade associations, and non-profits on international trade policy and regulations.

Prior to joining Mayer Brown, she worked for 16 years in the Federal Government, serving in positions in the Office of the U.S. Trade Representative, the United States Senate, and the Department of Commerce.

During her time in the Senate, Ms. Smith was one of the lead staff involved in drafting and securing passage of the Trade Act of 2002.

While at USTR, Tiffany led industrial goods market access negotiations for nine Free Trade Agreements and for negotiations allowing several countries to join the WTO. Tiffany worked with key industry sectors, including autos, chemicals, consumer electronics, and information technologies to achieve results in trade agreements that facilitated U.S. exports.

She is a graduate of The George Washington University (M.A., International Affairs) and the Stephen F. Austin State University (B.A., Political Science).

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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 100 member companies through its office in Washington D.C

NFTC Welcomes WTO Agreement on Global Services Regulation

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today issued a statement following the successful conclusion of the World Trade Organization (WTO) Joint Statement Initiative on Services Domestic Regulation:

“The successful conclusion of the WTO Joint Statement Initiative on Services Domestic Regulation is an important accomplishment that improves transparency, legal certainty and fairness in rulemaking and licensing processes while slashing costs for businesses.

“It’s also a welcome sign that the WTO can serve as a flexible forum to address shared priorities among innovative economies.

“This agreement will strengthen the U.S. services industry, which accounts for more than two-thirds of U.S. GDP and supports 80 percent of private-sector jobs. Foreign sales of U.S. services are estimated at $2.5 trillion, including cross-border exports from the U.S. and services sales by foreign affiliates of U.S. companies.

“We applaud the U.S. Government for their leadership in bringing the negotiations to a successful conclusion, and to proponents including the Government of Australia for their commitment to transparency and fairness.”

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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 100 member companies through its office in Washington D.C.

NFTC Statement on Infrastructure Bill

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today issued a statement following the enactment of the Bipartisan Infrastructure Framework (BIF):

“We applaud Congress and the Administration for strengthening our country’s infrastructure. Improving our country’s roads, bridges, ports and digital infrastructure will make American workers and companies of all sizes more competitive in the global economy.

“As this work begins and new initiatives take shape, the United States has an opportunity to send a signal to the world that our country is open for business and ensure that America’s workers and businesses can compete on a level playing field globally.

“We urge Congress and the Administration to ensure that U.S. procurement policies and incentives comply with the international rules and obligations that the United States helped write.”

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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 100 member companies through its office in Washington D.C.

Jamaica Gayle Appointed Global Innovation Forum Executive Director

Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today announced the appointment of Jamaica Gayle as Executive Director of the NFTC Foundation’s Global Innovation Forum (GIF) as of November 1, 2021.

“I am thrilled that Jamaica will serve as GIF’s Executive Director.

“In her time as Deputy Director, she played a pivotal role in elevating the opportunities and challenges small businesses face in the global economy.

“I am confident that as Executive Director she will continue to be an outstanding champion for the needs of globally-minded small businesses and an advocate for the importance of technology and trade policies in fostering resilience and inclusive growth in communities around the world.”

Jamaica previously served as Deputy Director of GIF. She succeeds Jake Colvin, who stepped down when he became President of NFTC on October 1, 2021.

To read her full bio, 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 100 member companies through its office in Washington D.C.

About the Global Innovation Forum
The Global Innovation Forum is a nonprofit effort to connect startup, small business, development, and university communities with policymakers and select corporations to explore the opportunities and challenges of engaging in the global marketplace. GIF serves as a hub for business, university and development communities around the world to communicate with officials and corporations, discover public and private resources to help them succeed, and improve the public policy landscape to enable global innovation. GIF is a project of the 501(c)(3) National Foreign Trade Council Foundation. For more information about GIF, visit the website at www.globalinnovationforum.com.

TRC Statement on U.S.-EU Tariff Agreement

WASHINGTON D.C. – The Tariff Reform Coalition (TRC) today issued the following statement following the joint statement from the U.S. and EU regarding a resolution to Section 232 tariffs on steel and aluminum:

“The announcement by the United States and EU finally addresses the Section 232 tariffs – and the corresponding retaliatory actions – which have been in place since March 2018” said Jake Colvin, President of the National Foreign Trade Council (NFTC). “The deal should serve to ratchet down trade tensions between the United States and Europe and clear the decks for more productive and forward-looking transatlantic conversations.

“While the announcement is a step in the right direction, it’s not an optimal outcome. The reliance on TRQs is an unwelcome form of managed trade that will continue to bring about uncertainty for workers and businesses on both sides of the Atlantic,” added Colvin. “Mechanisms such as these that manage international trade undermine competitiveness, create winners and losers, add significant supply chain costs and disproportionately affect small and medium sized companies.

Colvin also added that members of the coalition “remain hopeful that the U.S. will work with all of America’s allies to reach a durable solution to these tariffs that supports the export competitiveness of American manufacturers, farmers and ranchers.”

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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 its member companies through its office in Washington D.C.