API Encourages U.S.-China Trade Talks to Continue, Lift All Section 301 Tariffs

WASHINGTON, June 29, 2019 – API released the following statement on the Administration’s decision to postpone the imposition of additional tariffs under Section 301 on $300 billion worth of imports from China: 

“We are encouraged to see progress in U.S.-China trade negotiations,” said API’s Senior Advisor for International Policy Aaron Padilla. “It shows that the Administration recognizes that further escalating the trade dispute with China would cause more collateral damage to the American economy, businesses, and consumers.”

“We encourage both parties to continue negotiations and to quickly agree on a trade deal that would eliminate all tariffs under Section 301.”

API represents all segments of America’s oil and natural gas industry. Our more than 600 members produce, process and distribute most of the nation’s energy. The industry supports more than ten million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. API was formed in 1919 as a standards-setting organization. In our first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.

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