NAM Statement on Section 301 Announcement

Timmons Cautions on Tariffs, Encourages Administration to Pursue Bilateral Trade Agreement with China to Address Unfair Practices

Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement ahead of the Trump Administration’s Section 301 announcement:

“As we’ve seen for years, China’s theft of American intellectual property and their use of unfair trade practices represent clear threats to manufacturers’ competitiveness and the jobs of American manufacturing workers. That’s why manufacturers have welcomed President Trump’s focus on addressing this serious problem.

“Any actions taken globally must be well crafted to lead to concrete solutions and limit damage back to the U.S. economy, especially since trade overseas supports the jobs of millions of U.S. manufacturing workers. Tariffs are one proposed response, but they are likely to create new challenges in the form of significant added costs for manufacturers and American consumers. In addition to these challenges, tariffs also run the risk of provoking China to take further destructive actions against American manufacturing workers. The only way we’ll truly make lasting progress is through a strategic approach that uses both carrots and sticks to accelerate changes to Chinese policies, which should include efforts to forge a fair, binding and enforceable trade agreement with China that requires them to end these practices once and for all.”

In September, the NAM submitted comments to USTR regarding their Section 301 investigation. Most recently, the NAM testified at USTR’s March 8 Special 301 hearing on the need for the administration to promote strong IP protections for manufacturers.

-NAM-


The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

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