Wednesday, April 4, 2018

NRF, RILA warn that new tariffs will hurt U.S. consumers

The nation’s retail associations are not happy with the Trump Administration’s announcement of additional tariffs on appliances and other consumer electronics imported from China.

“As we’ve said all along, tariffs are taxes on consumers and a drag on the nation’s economy,” said Matthew Shay, president and CEO, National Retail Federation. “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.”. . . more

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