ICYMI: NAM’s Timmons Discusses Tariffs on Fox Business

“A Trade War Ultimately Will Be Bad for Everyone . . . We Want to Get a Deal with China Done So That We Have a Level Playing Field.”

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Timmons on China’s Unfair Trade Practices

“I think most countries around the world would agree that China cheats. So, it’s really incumbent on the administration to bring the world together to take on the problem that China has created, the imbalance that China has created. We hope they are successful in doing that, and that’s the ultimate goal. But time will tell whether we are able to do that and whether the rest of the world is going to be united with us in making sure that China is not distorting manufacturing and not distorting the economy.”

 

Timmons on U.S.–China Tariffs

“Let’s hope that this is a negotiating tactic and that the administration is positioning us in a way that will enable us to create some good deals. I mean, for us, when we look at China and we have been talking about China—you and I have talked about China—the fact that China cheats, the fact that China steals intellectual property, counterfeits, dumps, subsidizes their products—none of that is good, but a trade war ultimately will be bad for everyone, especially consumers in the United States. So, we want to get that behind us; we want to get a deal with China done so that we have a level playing field.”

 

Timmons on Record-High Manufacturer Confidence

“Over the course of the last two years, we’ve added almost a quarter of a million jobs after having lost thousands of jobs in 2016. And in fact, if you look at manufacturers’ outlook right now—our last survey that we released—about 95 percent of manufacturers, 95 percent, have a positive outlook on the economy and their future. Eighty-eight percent say that they are going to hire in the next few months, and 72 percent are going to be raising wages and benefits. All of that is really great news; now lay the tariffs on top of that, the trade war on top of that, that’s not a good sign for manufacturers. We hope that this is resolved quickly because we want to get back to those positive signs.”

  

Timmons responded to the latest round of China tariffs Friday in interviews on CNBC and Fox Business. Read Timmons’ full statement here.

  

-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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