WASHINGTON, D.C. – National Foreign Trade Council (NFTC) Senior Director for Trade and Innovation Brad Wood today issued the following statement following the breakdown of talks between the United States and Canada:
“We are profoundly disappointed that the encouraging momentum that the U.S. and Canada had announced early last week fell apart at the 11th hour. The imposition of a new round of tariffs, the announcement of future tariffs by the United States, along with Canada’s announced retaliation, emphasize exactly what is at stake.
“The reality is that the United States and Canada have highly interconnected and mutually beneficial economies. Businesses of all sizes on both sides of the border rely on this trade and would benefit from their governments’ ability to reach an agreement.
“We urge negotiators not to let this moment give way to sustained frustration, and instead prioritize and continue their work to deliver a bilateral framework that protects industries and builds toward the renewal of USMCA. Both Canada and the U.S. are stronger as part of an integrated North American manufacturing platform that boosts our mutual competitiveness globally.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade, tax, national security, and supply chain policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses, who account for over $6 trillion in revenue and employ nearly 6 million people in the United States.
