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Major Business and Agriculture Groups Urge Rollback of Section 232 and Section 301 Tariffs

In an advocacy document, a broad coalition of key associations calls for the rollback of tariffs imposed by the Trump Administration

Washington D.C. National Foreign Trade Council (NFTC) President Rufus Yerxa today announced the re-launch of the Tariff Reform Coalition, a broad alliance of business and agriculture groups substantially harmed by the import tariffs imposed by the previous Administration.

The advocacy document, which includes a full list of the 37 associations who are members of the coalition, summarizes the damage caused to a broad array of businesses and to the American economy and provides recommendations to policymakers on how to address these adverse effects.

"At a time when so many businesses and workers in the United States are suffering from the COVID-19 pandemic, we urge the Biden Administration to reconsider the Section 232 and Section 301 tariffs that are causing serious damage to those already struggling" said Rufus Yerxa, President of the National Foreign Trade Council. "Eliminating unwarranted, ineffective and self-defeating import tariffs is key if we want to re-engage with our allies and build our economy back better. All sectors of our economy are being affected by these tariffs manufacturers are faced with long lead times and high prices for inputs, farmers and ranchers are having a hard time exporting their goods to countries that have imposed retaliatory tariffs, consumers are paying higher prices for everyday goods and investments in new facilities are being reconsidered."

The document outlines four recommendations for addressing the harm caused by these tariffs:
  • First: Tariffs on imports of steel and aluminum should be removed and use of other trade laws more consistent with the WTO should be considered to address the issue of overcapacity;
  • Second: The Administration should reassess the Section 301 tariffs and consider other approaches to addressing China's unfair trade practices;
  • Third: Members of Congress should schedule public hearings for interested parties to be heard and provide oversight regarding the purpose of the Section 232 and Section 301 tariffs and whether they are achieving their objectives; and
  • Finally: While not an adequate substitute, the Department of Commerce and USTR should consider revising the existing Section 232 and Section 301 exclusion processes.
To read the full text of the document, 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 its member companies through its office in Washington D.C.