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Retailers Respond to Tariff List

April 3, 2018

WASHINGTON--(BUSINESS WIRE)--Apr 3, 2018--The National Retail Federation issued the following statement from President and CEO Matthew Shay after U.S. Trade Representative Robert Lighthizer released a list of Chinese imports subject to new tariffs under the Trump administration:

“As we’ve said all along, tariffs are taxes on consumers and a drag on the nation’s economy. While we are pleased that many everyday products such as clothing and shoes are not on the list, we remain concerned that other goods such as consumer electronics and home appliances are targets. And we believe that tariffs on certain machinery will make American-made products more expensive.

“This entire process creates uncertainty and makes it difficult for retail companies that must rely on complicated global supply chains. Tariffs threaten to hurt consumers, jeopardize job creation and increase the cost of doing business here in the United States. Once again, we urge the administration to work with our trading partners to hold China accountable, advance targeted solutions and recognize the unintended consequences of protectionist trade policies.”

About NRF

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180403006660/en/

CONTACT: National Retail Federation

Bethany Aronhalt, 855-NRF-PRESS

Press@nrf.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA

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

SOURCE: National Retail Federation

Copyright Business Wire 2018.

PUB: 04/03/2018 06:53 PM/DISC: 04/03/2018 06:53 PM

http://www.businesswire.com/news/home/20180403006660/en

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