US retailers blast new China tariffs, say move will raise prices further
National Retail Federation says the president’s decision to impose new tariffs is a flawed strategy that will hurt US consumers
04 August 2019 - 17:35
Washington — President Donald Trump’s threat to impose 10% tariffs on the remaining $300bn of Chinese imports from September 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned.
Trump last week moved to impose fresh tariffs after US and Chinese negotiators failed to kick-start trade talks between the world’s two largest economies...
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