The US Retail Industry Leaders Association responded to Trump’s latest move on tariffs on USD 200B in Chinese goods. The group condemned Trump for breaking his promise to bring ‘maximum pain on China, minimum pain on consumers”. And it warned Trump administration not to “move the goal post any more”.
Separately, a spokesperson of the US Chamber of Commerce warned that “tariffs are taxes, plain and simple. Imposing taxes on another $200 billion worth of products will raise the costs of every day goods for American families, farmers, ranchers, workers, and job creators. It will also result in retaliatory tariffs, further hurting American workers.”
Here is the full statement of RILA:
RETAILERS RESPOND TO ADMINISTRATION’S LATEST ANNOUNCEMENT ON TARIFFS
Today, Retail Industry Leaders Association vice president of international trade, Hun Quach, issued a statement following the Administration’s announcement of new tariffs on an additional $200 billion worth of imported goods from China:
“American retailers and the families we serve barely had time to process the barrage of tariffs implemented last week. Now, we will need to grapple with new tariffs on an additional $200 billion worth of imports, which are bound to include even more consumer products and everyday essentials.
“The President has broken his promise to bring ‘maximum pain on China, minimum pain on consumers,’ and American families are the ones being punished. Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war.
“The Administration cannot continue to move the goal post. Unless the Administration finds meaningful solutions, American businesses, families, and jobs are on the losing end of this battle.”
