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Section 301 of the Trade Act of 1974, as amended, gives the President the authority to take actions, including tariffs, against foreign trade practices violate trade agreements or are otherwise unfair, unreasonable, or discriminatory.China engages in discriminatory trade practices, including forced technology transfers and inadequate intellectual property protections, but unilateral tariffs are not the right approach.Unilaterally imposing tariffs through Section 301 of the Trade Act of 1974 are putting U.S. businesses, farmers, communities and families at risk, including from foreign retaliatory actions.To learn more about Business Roundtable’s recommendations for Chinese reforms to address trade and investment barriers,&nbsp;<a href="https://www.businessroundtable.org/resources/recommendations-chinese-reforms-address-trade-and-investment-barriers" target="_blank" data-foo="bar">click here</a>.

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During a conversation on trade and American competitiveness co-hosted by Business Roundtable and Farmers for Free Trade, Tom Linebarger – Chairman and CEO of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee, lays out additional strategic priorities that should be included in an effective, long-term strategy to continue to improve U.S.-China trade relations.

Cummins Inc. CEO Tom Linebarger on Strategic, Long-Term Approach to Address Trade Barriers in China

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The history of Section 301 traces back to the 1970s, when Congress enacted it as a way for U.S. exporters to open foreign markets. Between 1974 and today, 122 investigations have been conducted by the U.S. government on trade policies.&nbsp;

Section 301 Tariffs