NRF issues Statement

According to Japan International Freight Forwarders Association (JIFFA), the National Retail Federation today issued a statement from its executive vice-president of government relations, David French, following U.S. President Donald  Trump’s announcement of new tariffs on countries around the world.

“We encourage the administration to negotiate binding trade agreements that truly open markets by lowering tariffs, not raising them. Tariffs are taxes paid by U.S. importers and are eventually passed along to U.S. consumers. These higher tariffs will hurt Americans, including consumers, retailers and their employees and manufacturers, because the direct result of tariffs will be higher prices, decreased hiring, fewer capital expenditures and slower innovation. Retailers have been able to hold the line on pricing so far, but the new tariffs will impact merchandise in the coming weeks. We have heard directly from small retailers who are concerned about their ability to stay in business in the face of these unsustainable tariff rates.”

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