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US retailers call China trade agreement 'right direction'

16
Dec '19
Pic: Shutterstock
Pic: Shutterstock
The US National Retail Federation has welcomed the recent development of the United States and China agreeing on a ‘phase one’ trade deal. The expected signing comes after NRF and other members of the Americans for Free Trade coalition sent President Donald Trump a letter last week urging tariffs set to take effect on December 15 to be suspended.

“For the first time in months, the United States and China are moving in the right direction on tariffs, and we congratulate negotiators from both sides for the progress they have made,” NRF senior vice president for government relations David French said.

“Tariffs create uncertainty and costs for American retail supply chains, and the trade war won’t be over until they are eliminated completely. We agree that we need to realign our relationship with China, but tariffs that harm American businesses, workers and consumers are not the answer and cannot be allowed to continue,” he said in a statement.

The letter called for “a final deal that not only addresses our key concerns with the U.S.-China trade relationship but also eliminates the current tariffs imposed on both goods sourced from China and our goods exported to the critically important China market.”

Fibre2Fashion News Desk (DS)


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