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News & Insights

NFTC Statement on Tariff Announcement

February 1, 2025


WASHINGTON DC – National Foreign Trade Council (NFTC) President Jake Colvin today issued a statement following the administration’s announcement of tariffs.

“Putting tariffs on imports from Canada and Mexico risks undermining America’s relationship with our closest trading partners and allies and has the potential to affect the price and availability of everything from avocados to automobiles.

“We encourage the three governments to intensify their discussions to deescalate the situation and quickly find a path forward to rescind these tariffs and avoid retaliation. Our focus should be on working together with Canada and Mexico to gain a competitive advantage and facilitate American companies’ ability to export to global markets.”

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax 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.

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