Today, the trade association for the world's largest and most innovative retail companies reacted to the Trump Administration’s announcement of additional tariffs on appliances and other consumer electronics in retaliation for China’s harmful technology transfer policies and intellectual property rights practices. While still reviewing the entire list of proposed tariffs, the Retail Industry Leaders Association (RILA) warned that the specific tariffs aimed at appliances, TVs and other consumer products would drive up the costs for those goods for American families.
Hun Quach, vice president of international trade for RILA, urged the Administration to re-evaluate the proposed retaliatory tariffs announced today to avoid punishing American consumers for Chinese mistakes.
“Retailers fully support holding our trading partners accountable when there is a proven case of intellectual property theft, but we remain concerned that many of these proposed tariffs will punish American consumers. Tariffs on everyday consumer products will hit American wallets, not Chinese technology violators, and the presumption that any of these targeted products could be reasonably sourced elsewhere ignores the complexity of modern global value chains.”
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.