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
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-China trade war
Economy /  China Economy

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

He Huifeng
He Huifeng

Updated: 1:15pm, 25 Jun, 2019

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