WASHINGTON, D.C. – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith issued the following statement:
“Last week’s statements from the President and Ambassador Greer show the Administration is losing patience with the EU’s one-step forward, two-steps back approach to the bilateral relationship.
“These are not idle threats, and we strongly support the Administration’s willingness to push back against the EU’s aggressive overregulation of leading U.S. digital companies. Beyond the urgent digital issues that triggered these announcements, we still need to see meaningful progress on other problematic issues, including digital services taxes, the Corporate Sustainability Due Diligence Directive (CS3D), and the Deforestation Regulation.
“We urge the EU to negotiate meaningful outcomes with the U.S. that will preserve this important bilateral relationship.”
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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.
