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Business Roundtable Statement on Administration Announcement of New Tariffs on Chinese Products

Washington – Business Roundtable today released the following statement regarding the Administration’s announcement of new U.S. tariffs to be applied to a proposed list of Chinese products:

 

“Business Roundtable agrees with the Administration’s concerns regarding China’s unfair trade practices, including theft of intellectual property, restrictions on foreign investment, and policies that foster unfair competition. But unilaterally imposing new tariffs on $50 billion of Chinese imports without a long-term strategy that leads to economic reforms in China will only hurt America’s businesses, workers, and families. Instead, the Administration should work with U.S. allies on an approach that advances meaningful reform in China without imposing significant harm on America’s economy.”