Today, the Retail Industry Leaders Association (RILA), the trade association for America's largest and most innovative retailers, expressed concerns with today's White House announcement to move forward on implementing $50 billion tariffs on goods imported from China.
"Retailers have said time and again that imposing widespread tariffs on items consumers buy each day punishes American families, not Chinese companies that steal American innovation," said Hun Quach, vice president of international trade for RILA. "The President's announcement to move forward on imposing the Section 301 tariffs puts American consumers on the hook for the misdeeds of Chinese companies. Conflicting messages coming from the Administration is causing whiplash for American companies that are focused on growing the economy and creating jobs here at home. We support the Administration's decision to hold China accountable for their bad behavior. But retailers strongly believe igniting a global trade war will cause casualties. We urge the Administration to keep their promise of minimizing harm on American families as they work towards solutions that hold our trading partners accountable."
RILA testified last week before the 301 Committee, an interagency group comprised of several federal agencies and submitted written testimony expressing retailers concerns to the Office of the United States Trade Representative (USTR).
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.