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

TOP PICKS

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
READ FULL ARTICLE