Washington – Business Roundtable today released the following statement on President Trump’s announcement of impending U.S. tariffs on Chinese products:
“Unilaterally imposing tariffs or other restrictions without a long-term strategy to bring about reforms in China will only raise prices in America, make American companies and products less competitive, and harm U.S. workers and consumers. The Administration should instead pursue a comprehensive approach centered around several strategic priorities. This includes working closely with our international partners to identify unfair trade barriers and practices that China must remove, setting deadlines for such reforms, and outlining actions that the U.S. will take if those reforms are not undertaken.”