NAM Releases Statement on Section 301 Announcement
National Association of Manufacturers (NAM) President and CEO Jay Timmons released a 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.”