Press Releases

Press Releases

NAM VP of International Economic Affairs Dempsey Testifies on Tariffs

Dempsey Reiterates Need for Trump Administration to Pursue a Bilateral Trade Agreement with China

Washington, D.C. – National Association of Manufacturers (NAM) Vice President of International Economic Affairs Linda Dempsey testified at today’s U.S. Trade Representative hearing on the proposed Section 301 tariffs. Dempsey’s testimony focused on the U.S.–China trading relationship and reiterated NAM President and CEO Jay Timmons’ call for the Trump administration to pursue a bilateral trade agreement with China.

The Section 301 investigation has certainly raised the level of focus, here and in China, that we hope it will provide just the opening to move forward aggressively on a strategic new approach, Dempsey said in her testimony. As NAM President and CEO Jay Timmons explained in a letter to the president on January 8, the most effective path forward is a comprehensive and strategic approach that has at its core a modern, innovative, bilateral trade agreement that restructures our economic relationship with China. While tariffs may provide short-term relief to some, we are hearing regularly and broadly from manufacturers across the country who are deeply concerned about the harmful, albeit unintended, impacts that the imposition of proposed tariffs would have on manufacturing and jobs.

Click here to read Dempsey’s prepared oral testimony.

Last month, Dempsey testified before a Senate Finance Trade Subcommittee hearing on market access challenges in China, where she also advocated an enforceable, rules-based bilateral trade agreement between the United States and China.

-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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