Business Roundtable CEOs Reflect on the Anniversary of the Updated Statement on the Purpose of a Corporation
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Trade & International

Free and fair trade policies and agreements can accelerate American economic recovery and secure long-term prosperity. Tens of millions of American jobs depend on trade and restoring trade can help American workers and families get back on their feet. Rules-based trade and investment with our trading partners empowers Americans to sell to more customers around the world, better compete on a level playing field, and access the goods and services families need at prices they can afford. We rely on mutually beneficial trade relationships with our neighbors near and far because open, two-way trade and investment means more opportunity for every American.

China engages in unfair trade and investment practices, preventing U.S. companies from competing on a level playing field and hurting U.S. workers. Business Roundtable urges the policymakers to preserve and fully implement the Phase One Agreement and partner with U.S. allies and trading partners to press for further structural reforms in China. Policymakers should develop a strategy that resolves economic issues while enabling long-term American competitiveness and access to customers in China who want to buy goods and services from American workers, farmers and businesses.
Trade with Canada and Mexico supports nearly 13 million American jobs. Sustaining and strengthening U.S. trade with these partners will support U.S. economic growth and job creation. That’s why Business Roundtable commends all three countries for enacting the new U.S.-Mexico-Canada Agreement and supports full implementation of all commitments and continued duty-free trilateral trade to strengthen North American competitiveness and speed economic recovery.
Tariffs are taxes or duties that must be paid on goods being imported into the United States. While the unilateral imposition of tariffs may be permitted under U.S. law under special and circumstances, the misuse of tariffs under these laws can create trade wars that hurt American companies, workers, farmers and consumers.
From manufacturing and transportation to information technology, construction, professional services and agriculture, and everything in between, every sector of our economy benefits from trade. With more than 95 percent of the world’s population and 80 percent of the world’s purchasing power outside the United States, future economic growth and jobs for the United States increasingly depend on expanding U.S. trade and investment opportunities in the global marketplace.