First it was the washing machine and solar energy tariff. Then there was the steel and aluminum tariff. Next could be a broad, sweeping tariff on all goods imported from China if the White House follows through on recent promises.
And that has the retail industry extremely concerned.
In a letter cosigned by some of the largest retailers in the U.S. and the trade groups that represent them, retailers pleaded for President Trump to “do right by American families” as he considers remedial trade-related action against China. Any wide-ranging and broad tariffs imposed on goods imported from the Asian country could effectively reverse the benefits that businesses and consumers felt from recently-passed tax reform measures, retailers said.