WASHINGTON - The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French after the Office of the U.S. Trade Representative released a list of $200 billion of Chinese imports to be subject to new tariffs.
“The latest list of $200 billion of products to be subject to tariffs against China doubles down on a reckless strategy that will boomerang back to harm U.S. families and workers. The threat to the U.S. economy is less about a question of ‘if’ and more about ‘when’ and ‘how bad.’ Tariffs on such a broad scope of products make it inconceivable that American consumers will dodge this tax increase as prices of everyday products will be forced to rise. And the retaliation that will follow will destroy thousands of U.S. jobs and hurt farmers, local businesses and entire communities.
“The administration has been pursuing tariffs now for months and we still don’t know what the endgame is. Now is the time to get back to the negotiating table with China while working through a global coalition that shares our concerns. The way things are shaping up, it may be too late, but we hope the administration changes course before we lose the momentum from tax and regulatory reform and return to an era of high prices, job loss and negative growth in our economy.”