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NFTC Statement on Tariffs and Inflation

WASHINGTON D.C. - National Foreign Trade Council (NFTC) President Jake Colvin today released the following statement:

"We welcome the Administration's initiative to take a fresh look at the costs of U.S. tariff policy on American businesses and consumers, including their contributions to inflation and supply chain challenges.

"The Biden Administration has an opportunity to lift tariffs on imports from China and other countries around the world that are doing nothing more than stoking inflation and harming American businesses and workers.

"President Biden's comments that his Administration is reassessing U.S. tariffs on Chinese goods, combined with yesterday's announcement that the United States will temporarily lift tariffs on Ukrainian steel as part of efforts to support the Ukrainian economy during Russia's invasion, are steps in the right direction.

"We encourage the Administration to eliminate tariffs on Chinese imports and take a more strategic approach to dealing with China's trade challenges, as well as to consider lifting permanently the remaining metals tariffs inherited from the previous Administration, not only on Ukraine but on all U.S. allies."


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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