WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith today issued a statement following the announcement by the President of new tariffs on automobile imports:
“The manufacture of automobiles is one of the most dynamic industries in the United States. Auto companies, both foreign and domestic, employ American workers and manufacture goods in the U.S. for sale both at home and abroad.
“Placing tariffs on imports of autos risks damaging the competitiveness and export readiness of an industry that relies on integrated international supply chains and markets for its success.
“We urge the administration to focus on the competitiveness of the U.S. auto industry and prioritize market opening opportunities for auto companies who manufacture vehicles for export in the United States.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
