U.S. Chamber Hails Agreement Resolving Cross-Border Trucking Dispute, Slashing Retaliatory Tariffs

Tuesday, July 5, 2011 - 8:00pm

‘The United States Gets A Big Win,’ Donohue Says

WASHINGTON, D.C.— U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today after the United States and Mexico signed an agreement to end the sixteen-year-old dispute between the two countries over cross-border trucking:

“If we’re going to boost U.S. exports and create jobs here at home, we must hold on to our major export markets, such as Mexico, where American companies are already doing well. Today’s news will help American businesses to do just that.

“We commend the administration for reaching an agreement that paves the way for an immediate 50% reduction in Mexico’s retaliatory tariffs on $2.4 billion worth of U.S. exports. We hope to see the remaining tariffs eliminated soon.

“It’s well past time that we complied with the promise we made nearly two decades ago that allow carefully inspected trucks to move across the border. This is a vital step toward a more efficient U.S.-Mexico border, which a recent Chamber report found could greatly enhance the U.S. competitiveness.

“We urge Congress to support this agreement and let this dispute be brought to an end.”

A Chamber study found that more than 25,000 U.S. jobs are at risk if Washington doesn’t act on this agreement (http://www.uschamber.com/reports/trade-action-or-inaction-cost-american-workers-and-companies).

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.