Washington D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today issued the following statement:
“We commend the United States and United Kingdom for making progress on U.S. tariffs on steel and aluminum imports and UK retaliatory tariffs, and for convening the business and labor communities in Baltimore to discuss the future of transatlantic trade with the U.S. and UK Governments. It’s critical that our governments build on this initial dialogue to create commercially-meaningful outcomes to benefit American businesses and workers.
“Russia’s invasion of Ukraine has made closer economic cooperation among allies imperative rather than important. The United States and UK have a chance to develop an even closer bilateral relationship while shaping the rules and narrative for an evolving trading system.
“We valued the chance to listen to labor representatives’ priorities and to share business community perspectives on the need to build an even more vibrant trade and investment relationship between the U.S. and UK economies.
“Whether you call it a trade agreement or some new construct, it’s incumbent upon the United States to demonstrate leadership to write the rules of the global economy at a time of immense change and conflict, and I can’t think of a better trading partner to start on that path with than the United Kingdom.”
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