Advertisement
09/06/2018

Retailers urge Trump to lay off tariffs

NRF says “only harm” can come from the administration expanding Chinese tariffs.

The National Retail Federation and 150 organizations representing U.S. retailers, manufacturers, farmers, technology companies, natural gas and oil companies and other industries today submitted comments to U.S. Trade Representative Robert Lighthizer on the administration’s proposed tariffs on $200 billion of Chinese imports. The groups urged the administration to avoid further escalation with China and warned of the negative impact of tariffs on American businesses, families and workers.

Participating groups expressed concern over the administration’s suggestion that the United States might impose tariffs on all Chinese imports.

“Continuing the tit-for-tat tariff escalation with China only serves to expand the harm to more U.S. economic interests, including farmers, families, businesses and workers,” the coalition wrote in a letter. “Our organizations agree that longstanding issues in China have negatively impacted many U.S. companies, and we support the administration’s efforts to negotiate meaningful, binding and long-term solutions with the Chinese government, (but) applying these high levels of tariffs on Chinese products will continue to miss the mark.”

The letter said imposing a 25 percent tariff on a total of $250 billion in Chinese imports — including both tariffs that have already gone into effect this summer and those currently under consideration – would result in $62.5 billion in tariff costs for U.S. businesses and consumers each year. By contrast, the U.S. government collected only $33 billion in total tariffs on all global imports in 2017.

“The effects of the administration’s actions will most hurt the very consumers, small- and medium-sized businesses, manufacturers, farmers and workers the administration wants to protect,” the letter said. “Should all trade to and from China be subject to tariffs, the impacts and disruptions to the U.S. economy would reach across the entire country, from sector to sector, and negatively impact every American family.”

To read full letter, click here