U.S. retailers urge Trump against tariffs
Seeking Alpha
Published Mar 19, 2018 10:31AM ET
U.S. retailers urge Trump against tariffs
- Retailers across the U.S. have sent President Trump a letter urging him not to impose massive tariffs on goods imported from China, which could target more than $60B in duties on products ranging from electronics to apparel, footwear and toys.
- "Applying any additional broad-based tariff as part of a Section 301 action would worsen this inequity and punish American working families with higher prices on household basics," the letter stated.
- Trade associations also publicly pushing back include the U.S. Chamber of Commerce, the National Retail Federation and the Information Technology Industry Council.
- Companies that have signed the letter: ANF, AEO, BIG, BBY, CHS, COLM, COST, DLTR, GPS, HVT, JCP, KSS, M, QRTEA, SHLD, MIK, TGT, VFC, WMT, WWW
- Now read: Abercrombie & Fitch: Hollister Continues To Shine For Now
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