The National Retail Federation concluded that the proposed tariffs of 25 per cent would be too costly for US retailers to absorb and would be passed on to consumers – and many shoppers could be unwilling to pay the higher prices. Photo: Bloomberg

US retail group says extra tariffs on Chinese goods will cost Americans US$18 billion a year

  • National Retail Federation urges Washington not to impose additional 25 per cent duties on US$300 billion of products from China
  • It says new tariffs threatened by Donald Trump will be passed on to consumers and ‘it’s time to re-evaluate’ the strategy
Topic |   US-China trade war

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The National Retail Federation concluded that the proposed tariffs of 25 per cent would be too costly for US retailers to absorb and would be passed on to consumers – and many shoppers could be unwilling to pay the higher prices. Photo: Bloomberg
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.