Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the release of a list of an additional $200 billion in Chinese products to be hit with tariffs:
The last thing America’s manufacturing workers need is an escalating trade war. America has China’s attention, so instead of more tariffs, the U.S. and China should immediately begin working toward a fair, bilateral, enforceable, rules-based trade agreement to end China’s market-distorting activities. We can’t afford to wait any longer.
China cheats, and manufacturers want to see China held accountable. But more tariffs like these will punish America’s manufacturing workers—and could undermine our hard-won gains thanks to tax and regulatory reform, which have increased our global competitiveness over the last 18 months and led to higher investment and more American jobs.
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.