Today, Retail Industry Leaders Association (RILA) Vice President of International Trade Hun Quach, issued a statement following the Administration’s announcement of new tariffs on an additional $200 billion worth of imported goods from China:
“American retailers and the families we serve barely had time to process the barrage of tariffs implemented last week. Now, we will need to grapple with new tariffs on an additional $200 billion worth of imports, which are bound to include even more consumer products and everyday essentials.
“The President has broken his promise to bring ‘maximum pain on China, minimum pain on consumers,’ and American families are the ones being punished. Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war.
“The Administration cannot continue to move the goal post. Unless the Administration finds meaningful solutions, American businesses, families, and jobs are on the losing end of this battle.”
RILA is the trade association of the world's largest and most innovative retail companies. 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.