Aug 2, 2019

National Retail Federation responds to latest tariff escalation

The Trump administration plans to impose a 10% tariff on $300 billion worth of goods imported from China beginning Sept. 1, 2019. The National Retail Federation issued a statement from David French, senior vice president for government relations in response. The statement reads:

“As we’ve said repeatedly, we support the administration’s goal of restructuring the U.S.-China trade relationship. But we are disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment. These additional tariffs will only threaten U.S. jobs and raise costs for American families on everyday goods.

“The tariffs imposed over the past year haven’t worked, and there’s no evidence another tax increase on American businesses and consumers will yield new results. We urge the administration to bring our allies to the table and find new tools beyond tariffs to achieve better trade relations.”