With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business.
Following the recent imposition of 25% tariffs on $200 billion worth of products made in China, questions are being raised by some in the housewares industry as to the exact timing of when the surcharge was officially in place.
Several housewares and home goods categories are in the crosshairs of a potential next round of 25% tariffs that could be imposed by the Trump administration on an additional $300 billion in Chinese-made goods. This follows the 25% tariffs that were imposed on $200 billion worth of Chinese-made products that went into effect on Friday, May 10.
A new round of tariffs put in place on Friday, May 10, by the United States is raising concerns with retailers and trade groups as the retail planning process for the 2019 holiday season begins.
With President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually high levels the remainder of this spring and through the summer, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Macroeconomic issues including tariffs in the United States and the on-going Brexit issue in the United Kingdom had a negative impact on fourth quarter performance at Lifetime Brands, its CEO said.
Imports at the nation’s major retail container points, while down from records highs this past fall, remain strong as retailers look to stay ahead of a possible tariff increase on Chinese made goods in March.
According to a University of Michigan survey, consumer sentiment in the U.S. slipped during early January, with the decline primarily focused on prospects for the domestic economy.
Following months of record growth, the level of imports at the nation’s ports have slowed, according to a report from the National Retail Federation and Hackett Associates.
While the issue of tariffs has been much discussed throughout 2018, retailers and housewares product suppliers have expressed concern about their potential impact on consumer buying habits.
Import levels at the nation’s ports have slowed ahead of the holidays, but remain higher than normal, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
Imports at the nation’s major retail container ports are expected to remain at near-record levels in October despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
In its effort to fight the recent $200 billion in tariffs imposed by the Trump administration, Walmart raised concerns with the U.S. Trade Representative about the potential economic impact tariffs could have on retailers, suppliers and consumers.
Despite some macro economic concerns among consumers and inclement weather in the U.S., retail sales gained in August, according to the National Retail Federation.
As retail sales remain strong, traffic at the nation’s container ports continues to grow as well, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.