As Retailers Warn Against Additional Tariffs, Manufacturers Already Feel the Pinch
On the heels of fresh warnings of additional tariffs totaling some $500 billion in goods imported from China (or roughly 98 percent of all goods imported from the country), a coalition of organizations has submitted comments to the U.S. Trade Representative’s office, warning against such measures. The group of 66 organizations, including the National Retail Federation expressed their concern to USTR Robert Lighthizer over how the $16 billion in proposed tariffs, along with the additional tariffs threatened by the White House, will harm U.S. companies, workers, and consumers.
“Imposing tariffs on Chinese imports will not have the effect that the administration desires,” the coalition wrote. “If the goal is to open markets for U.S. goods and services abroad, the use of tariffs goes against that goal … We are no longer in a ‘trade dispute.’ The tit-for-tat tariffs have now landed us in a trade war that is starting to do real harm to U.S. businesses, workers, farmers and consumers. Tariffs hurt the economy as a whole as well as jobs and consumers in every state.”
Rather than implementing unilateral and all-encompassing tariffs on a wide swath of products and materials, the coalition urged the administration to outline a full strategy that would address long-standing issues over Chinese trade practices. Importantly, they asked that the administration consult with the business sector and Congress to develop a “joint approach.”