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NFTC Statement on U.S.- China Policy

WASHINGTON D.C. - National Foreign Trade Council (NFTC) President Jake Colvin today issued the following statement following United States Trade Representative (USTR) Katherine Tai's speech at CSIS outlining the Biden Administration's China policy: "What's clear is that the Biden Administration recognizes that decoupling is not an option for the world's two largest economies.

"It's encouraging to see Ambassador Tai articulate the outlines of a comprehensive strategy to engage China firmly and directly while giving American businesses and workers the tools they need to compete effectively in the global marketplace.

"The Biden Administration has a real opportunity to work with key allies on a strategy to address shared concerns around national security, industrial subsidies, state owned enterprises and overcapacity while pulling back from ineffective unilateral tariffs that never provided the intended leverage.

"In the short term, it is important for USTR to press ahead with a robust tariff exclusion mechanism that provides some relief to industries buffeted by the effects of the pandemic and supply chain shortages."


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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.