Washington, DC
– On the heels of an announcement by the Mexican Government that Mexico will impose additional retaliatory tariffs on U.S. goods as a result of the ongoing cross-border trucking dispute, the National Foreign Trade Council (NFTC) today released the following statement.“As today’s announcement by the Mexican Government makes clear, ignoring the trucking issue and failing to abide by our trade commitments has real economic costs,” said NFTC President Bill Reinsch. “Given the state of the U.S. economy and the current trade deficit, the United States cannot afford to continue standing still on this issue while Mexico imposes new harmful tariffs, causing a shift away from U.S. goods.”
“Failure to take action on this issue is hurting U.S. exporters – from small and large companies as well as our farmers – not our competitors,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “As we work to achieve the President’s goal of doubling U.S. exports, it is important to keep in mind that every export counts. Today’s announcement should come as a signal to the Administration that resolving the dispute is in the United States’ economic interest.”
“The President has stated his willingness to address the trucking issue, and we urge him to work with Congress to develop a viable solution as soon as possible – one that honors our commitments under NAFTA and which will end Mexico’s retaliatory tariffs,” Reinsch concluded.
About the NFTC
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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