Retailers: Latest Tariff News Puts Consumers in Crosshairs

The Retail Industry Leaders Association (RILA) issued the following statement from Hun Quach, RILA vice president of international trade, in response to President Trump’s announcement imposing a 10% tariff on $300 billion worth of Chinese imports. set to take effect on Sept. 1:
 
“The list of products these tariffs will hit are almost entirely consumer-oriented. This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple. 
 
“Tariffs are taxes on American consumers. And if these tariffs happen, American consumers will bear the brunt of these tactics via higher prices on everyday items like clothing, toys, home goods, and electronics. 
 
“American families shouldn’t be a pawn in this trade war. Retailers, consumers, and American workers need this Administration to find a path forward that results in a fair agreement. Today’s announcement only moves us closer to consumers bearing the brunt of the pain.” 

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RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.
Tags
  • Public Policy
  • International Trade
  • Supply Chain

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