Washington, D.C. (April 5, 2023): Today, the Sports & Fitness Industry Association joined almost 200 business interests on a formal statement to the Senate Finance Committee and House Ways & Means Committee on the President’s Trade policy. SFIA and the business community, specifically targeted the elimination of Section 301 tariffs and immediate re-opening of a more transparent “exclusion process” as the U.S. explores alternative approaches to China’s trade violations.
Manufacturers have been hit with more than $173 billion in tariffs on Chinese-made products and inputs since the tariffs were initiated. Studies have found the tariff burden has been passed onto consumers in the form of higher prices. SFIA and the business community are united in their opposition to the continuation of the tariffs due to the impact on U.S. manufacturers’ competitiveness and the increased costs they place on consumers contributing to inflation.
As China continues to threaten Taiwan, violates U.S. airspace, offers tacit support to Russia, engages in the use of forced labor, and builds man-made islands in South China Sea shipping lanes there is increasing pressure to implement policies to encourage change in direction that does not use tariffs which have been unsuccessful in changing China’s behavior to date.
SFIA will continue pushing for a new U.S. tariff policy with China and a new fair & transparent exclusion process as long as Section 301 tariffs on consumer goods remain in place.
Click here to view the statement.
For more information or for questions, please contact Bill Sells, SVP, Government & Public Affairs, at [email protected].