Retailers Warn the Tariff Bill is Adding Up for Consumers

Arlington, VA - The Retail Industry Leaders Association (RILA) Vice President of International Trade Hun Quach issued the following statement in response to the Trump Administration's recent announcement that the U.S. will impose a 5 percent tariff on all Mexican imports beginning June 10. 

“Threatening tariffs on Mexican imports while simultaneously seeking support in Congress for a trade deal aimed at keeping trade barriers low with Mexico is a confusing and counterproductive strategy.

“Whether the rhetorical target is Mexico or China, the bill is adding up for American consumers who will pay the price for these tariffs."

As of this month, Americans have paid over $25 billion in tariffs, according to Tariffs Hurt the Heartland.

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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
  • International Trade
  • Public Policy
  • Supply Chain

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