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'Congress should reduce trade barriers, not with tariffs'

18
Jan '19
The National Retail Federation (NRF) has requested the US Congress to focus on enhancing market opportunities and reducing trade barriers around the world through trade negotiations, not through tariffs. A statement has been issued by the NRF in view of the legislation expected to be introduced by representative Sean Duffy, R-Wis of Wisconsin.

"At a time when American businesses and families are suffering under unilateral tariffs imposed by the administration, Congress should be working to protect local communities from an escalated trade war. This misguided legislation would do the exact opposite, giving the executive branch limitless power to raise taxes in the form of tariffs," said senior vice president for government relations David French on the United States Reciprocal Trade Act.

Moreover, Congress has already ceded far too much of its clear constitutional authority over tariffs, and we are witnessing the consequences unfold across the country. The idea that Congress would make matters even worse by further abdicating its role on trade policy is simply unconscionable, added French. (RR)

Fibre2Fashion News Desk – India


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