WASHINGTON, D.C. – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith today issued the following statement:
“We welcome the bipartisan action led by Senators Grassley and Cantwell and Representatives Bacon, Gottheimer, Hurd and Meeks to reassert Congressional authority over the tariff process. While we support the Administration’s efforts to grow our economy, we also believe that Congress has a critical role to play in setting trade policy and has clear Article 1 authority to set duties and taxes.
“Appropriate oversight by the Congress can ensure that tariff actions support the broader national interests and balance both the economic benefits and potential negative effects that some of these policies may have on American businesses and consumers across the country.”
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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.
