NFTC Statement on Biden Administration Decision

National Foreign Trade Council (NFTC) President Jake Colvin issued a statement following reports that the Biden Administration has declined to impose tariffs on rare earth magnets: "The Biden Administration made the right call today by declining to impose new tariffs on neodymium magnets. Tariffs would have done more harm than good, ultimately undermining the Administration’s efforts to create resilient supply chains while also punishing American manufacturers, which rely on neodymium magnets ... [+]

NFTC Statement on Departure of WTO Director General

National Foreign Trade Council (NFTC) President Rufus Yerxa issued the following statement following the announcement by World Trade Organization (WTO) Director General Roberto Azevêdo that he will be stepping down before the end of his term: “I think Roberto Azevêdo has done an outstanding job of leading the WTO through a ... [+]

NFTC Statement on Limited U.S.-Japan Trade Agreement

National Foreign Trade Council (NFTC) President Rufus Yerxa issued the following statement following the announcement by the Administration regarding the limited U.S.-Japan trade deal: “We are pleased to see that the U.S. and Japan have come to an agreement that demonstrates the leadership of both countries in high-standard digital trade rules ... [+]

NFTC Releases Statement on USMCA

The National Foreign Trade Council (NFTC) released a statement regarding the United States-Mexico-Canada Agreement (USMCA) signedecently in Buenos Aires, Argentina. “The USMCA has a lot of significant improvements that will help the U.S. adjust to the 21st century global economy and we commend the Administration for finalizing a deal that ... [+]

NFTC Applauds Effort by 70 Countries to Move WTO E-Commerce Agenda Forward

National Foreign Trade Council (NFTC) President Rufus Yerxa released the following statement with regard to developments in electronic commerce (e-commerce) following the conclusion of the World Trade Organization’s 11th Ministerial Conference in Buenos Aires, Argentina: “The outcome of this Ministerial was the most promising result in years for the future of ... [+]

NFTC Statement on Cuba Travel Restrictions

National Foreign Trade Council Vice President Jake Colvin today released a statement following the Administration’s enactment of new travel restrictions to Cuba. “The actions announced today by the Administration are misguided,” said Colvin. “Allowing people-to-people travel only as part of organized trips will limit the contact that Americans can have with ... [+]

NFTC Applauds Senate Passage of MTB Bill

The National Foreign Trade Council (NFTC) applauds the Senate passage of the American Manufacturing Competitiveness Act of 2016, legislation that will help protect the trade secrets of American companies. “For companies of all sizes, the miscellaneous tariff bill process is a practical mechanism that preserves American jobs and investment and increases ... [+]

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