WASHINGTON – ITI president and CEO Dean Garfield released the following statement about the Trump Administration’s announcement of a proposed list of an additional $200 billion tariffs on Chinese goods.
“Trade is critical to economic growth and supports millions of jobs from Silicon Valley to the savannahs of the heartland. Yet, the administration continues to impose more tariffs without a clear objective or end in sight, threatening American jobs, stifling economic investment, and increasing the prices of everyday goods. We have the potential to cement lasting change in China’s unfair trade practices and policies - and it would be a shame to squander it. We urge President Trump to delay this unnecessary escalation before more consumers and workers are harmed and instead make a concerted effort to build a coalition while he is in Europe this week and then negotiate with China to achieve tangible commitments including accountability mechanisms and implementation timelines.”