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NRF decries plans to impose tariff on all Mexican imports

04
Jun '19
NRF decries plans to impose tariff on all Mexican imports
Responding to US plans to impose a 5 per cent tariff on all Mexican imports starting June 10, the National Retail Federation said Forcing Americans to pay more for produce, electronics, auto parts and clothes isn’t the answer to the nation’s immigration challenges, and this certainly won’t help move the United States–Mexico–Canada Agreement (USMCA) forward.

In a statement, senior vice president for government relations David French said the growing tariff bill paid by US businesses and consumers is adding up and will raise the cost of living for American families.

In 2017, US retailers imported $128 billion worth goods from Mexico. Meanwhile, Canada took a first step toward ratifying USMCA on May 27 when foreign minister Chrystia Freeland presented what is known as a ‘ways and means motion’ to the House of Commons, which opens the way for the formal presentation of a bill.

USMCA is yet to be approved by legislatures of the three participating countries. (DS)

Fibre2Fashion News Desk – India


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