The Retail Industry Leaders Association (RILA) issued the following statement from Hun Quach, RILA vice president of international trade, in response to the US Trade Representative (USTR) announcement on next steps for imposing a new 10% tariff on $300 billion worth of Chinese imports:
“Leading retailers appreciate USTR’s efforts to limit the harm additional tariffs will place on American consumers. Removing some products from the list and delaying additional 10 percent tariffs on other products, such as toys, consumer electronics, apparel and footwear, until Dec. 15 is welcomed news as it will mitigate some pain for consumers through the holiday season.
“However, the decision to implement the 10 percent tariff on nearly all remaining goods from China does not eliminate the threat and uncertainty the trade war has created for the American economy. We urge the Administration to use this time to reach a trade resolution with China before the Dec. 15 deadline hits and new taxes hit everyday consumer products and family budgets.”
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.