The National Retail Federation has responded to a list of $200 billion of Chinese imports targeted for new tariffs that was released by the Office of the U.S. Trade Representative, emphasizing that those taxes will hurt families across the U.S.
The list includes goods from or used in an array of housewares and home furnishings categories. Product designations where the Trump administration plans to implement tariffs range from metal office furniture to electric table, desk, bedside or floor-standing lamps made of brass and other metals to iron or steel portable non-electric domestic cooking appliances. Other product categories targeted for tariffs include thermometers, microwave ovens, vacuums, humidifiers, dehumidifiers and metal blades and handles for knives.
David French, senior vp/government relations for NRF, stated, “The latest list of $200 billion of products to be subject to tariffs against China doubles down on a reckless strategy that will boomerang back to harm U.S. families and workers. The threat to the U.S. economy is less about a question of ‘if’ and more about ‘when’ and ‘how bad.’ Tariffs on such a broad scope of products make it inconceivable that American consumers will dodge this tax increase as prices of everyday products will be forced to rise. And the retaliation that will follow will destroy thousands of U.S. jobs and hurt farmers, local businesses and entire communities.”
French further noted that the Trump administration, “has been pursuing tariffs now for months, and we still don’t know what the endgame is. Now is the time to get back to the negotiating table with China while working through a global coalition that shares our concerns. The way things are shaping up, it may be too late, but we hope the administration changes course before we lose the momentum from tax and regulatory reform and return to an era of high prices, job loss and negative growth in our economy.”