Home / Knowledge / News / Policy / Risk to US consumers grows with tariff escalation: NRF

Risk to US consumers grows with tariff escalation: NRF

20
Sep '18
Courtesy: Pexels
Courtesy: Pexels
The US National Retail Federation (NRF) has expressed disappointment over President Donald Trump administration’s plan to move forward with additional tariffs on Chinese goods despite the voices of those impacted. The government continues to advance harmful tariff policies that threaten to weaken the US economy, NRF president and CEO Matthew Shay said.

“We cannot afford further escalation, especially with the holiday shopping season right around the corner. The mere talk of tariffs on all remaining Chinese imports is of serious concern to retailers since tariffs of that magnitude would touch every aspect of American life,” Shay said in a statement.

NRF and more than 100 organizations recently launched a multi-industry coalition — Americans for Free Trade — aimed at opposing tariffs and highlighting the benefits of international trade to the U.S. economy.

The new coalition is coordinating with Farmers for Free Trade in a multi-million dollar national campaign known as Tariffs Hurt the Heartland. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

USDA projects 2019-20 cotton stocks lowest in 8 years

Textiles | On 19th Jun 2019

USDA projects 2019-20 cotton stocks lowest in 8 years

The world cotton ending stocks for 2019-20 are projected at 77.3...

Budget allocation for Bangla RMG sector not enough: BGMEA

Textiles | On 19th Jun 2019

Budget allocation for Bangla RMG sector not enough: BGMEA

The readymade garments (RMG) industry in Bangladesh received the...

AAFA, 3 groups send letter to Myanmar over workers' rights

Apparel/Garments | On 19th Jun 2019

AAFA, 3 groups send letter to Myanmar over workers' rights

The American Apparel & Footwear Association and three other trade...

Interviews View All

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search