Wrong Trade Policy Poses Risks to Economic Growth

The leader of the U.S. Chamber of Commerce said the wrong move on trade policy poses serious risk to economic growth.  In the annual “State of American Business” address, Chamber President and CEO Tom Donohue says that if the U.S. is not leading on trade, “we’re falling behind.”

He reasserted the business communities strong support for modernizing NAFTA, rather than withdrawing from the agreement.  The U.S. Chamber largely agrees with the majority of agriculture, which seeks careful modernization of the trade agreement, under the slogan “do no harm” to farmers and ranchers.

Donohue said that tax reform and regulatory relief, the same two issues championed by agriculture, have helped usher in a “new era of growth.” He also called for immediate action to modernize the nation’s infrastructure.

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