Washington – Business Roundtable CEO Joshua Bolten released the following statement after the Administration announced new tariff actions:
“Business Roundtable supports President Trump’s goal of securing better and fairer trade deals with our trading partners, including by lowering tariffs on U.S. exports and expanding market access. However, universal tariffs ranging from 10-50% run the risk of causing major harm to American manufacturers, workers, families and exporters. Damage to the U.S. economy will increase the longer the tariffs are in place and may be exacerbated by retaliatory measures.
“We urge the Administration and our top trading partners to swiftly reach agreements that level the playing field for American goods and services and remove these tariffs. While negotiations are underway, we strongly encourage the Administration to implement additional reasonable exemptions and put in place a transparent, predictable exclusion process.”