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NRF says Mexico border closure to harm US economy

08
Apr '19
NRF says Mexico border closure to harm US economy
The US National Retail Federation (NRF) recently wrote a letter to the government expressing concern over ongoing threats to close the US-Mexico border and mentioning how a closure would hurt US retailers, workers and consumers. US retailers and consumers rely on Mexico as a source of apparel, fruits, vegetables, electronics, appliances, auto parts and more.

Though NRF shares the US Administration’s goal of fixing the nation’s broken immigration system and enhancing border security, closing the border for any length of time would result in significant supply chain disruptions for US retailers, its president and chief executive officer Matthew Shay said in a statement.

“These disruptions would reverberate throughout the supply chain, impacting everyone from truckers to warehouse workers whose jobs depend on the two-way trade with Mexico. The end result would be job losses, factory shutdowns, increased consumer costs and reduced product availability across the country,” he cautioned.

US trade with Mexico exceeds $1.7 billion each day.

Shay said large and small retailers in border communities would see a significant reduction in daily sales from a border shutdown. (DS)

Fibre2Fashion News Desk – India


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