House IP Leader Applauds USTR Action Against EU
House Judiciary Committee ranking member Lamar Smith on Wednesday weighed in on the U.S. Trade Representative's request that the World Trade Organization dispute the European Union’s settlement consultation regarding tariffs on certain high-tech products. His statement, which came too late for my story in CongressDaily's PM Edition, lauded Susan Schwab's action and said it was "an important step toward promoting free trade and protecting American businesses."
"Information technology products are a driving force in the American economy," he said. "The federal government has a responsibility to promote the interests of these American companies by challenging tariffs imposed by the European Union on certain technology products that are not produced in the EU." Further, Smith noted that in a global economy, "countries must work together to encourage innovation, rather than stifling it with taxes and duties that harm both businesses and consumers."
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