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Retailers Respond to Administration’s Latest Tariff Escalation

August 1, 2019

WASHINGTON--(BUSINESS WIRE)--Aug 1, 2019--

The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French in response to the Trump administration’s announcement of plans to impose a 10 percent tariff on $300 billion worth of goods imported from China beginning September 1.

“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.”

About NRF

The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $2.6 trillion to annual GDP and supporting one in four U.S. jobs — 42 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190801005976/en/

CONTACT: Bethany Aronhalt (855) NRF-PRESS

press@nrf.com

KEYWORD: DISTRICT OF COLUMBIA UNITED STATES NORTH AMERICA ASIA PACIFIC CHINA

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT OTHER RETAIL WHITE HOUSE/FEDERAL GOVERNMENT PUBLIC POLICY OTHER GOVERNMENT RETAIL CONGRESSIONAL NEWS/VIEWS PUBLIC POLICY/GOVERNMENT

SOURCE: National Retail Federation

Copyright Business Wire 2019.

PUB: 08/01/2019 03:38 PM/DISC: 08/01/2019 03:38 PM

http://www.businesswire.com/news/home/20190801005976/en

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